How do I track multiple revenue streams for my business?

If your business earns revenue from different sources, you may want to create a clear separation between those different revenue streams in Found.

For example, let’s say that you’re a photographer and you earn money from wedding photography, photojournalism, and selling prints online. If you set up revenue streams for each of these parts of your business, you’ll get dedicated pockets, business reporting, and invoice customization for each stream.

Here’s how to add a revenue stream:

• Select the Settings icon and choose Bookkeeping from the menu.

• Select Revenue streams.

• Choose Add a revenue stream (+)

• Enter a name for your business or revenue stream, add a logo, choose a color, and, optionally, add a website.

• Select Save to save your new revenue stream.

When you add a revenue stream, Found automatically creates a new pocket for you to help budget for the different sides of your business. You can manage up to three revenue streams in your Found account.

FAQs

How do I delete a revenue stream?

To delete a revenue stream, follow these steps:

• Select the Settings icon and choose Bookkeeping from the menu.

• Select Revenue streams.

• Choose the revenue stream that you’d like to delete. Keep in mind that you can only delete additional revenue streams—your primary business can’t be deleted.

• Select Delete revenue stream and then Delete.

When you delete a revenue stream, its pockets and any transactions that it was assigned to will be reassigned to your primary business.

Can I receive deposits in the name of my revenue stream?

Revenue streams are for bookkeeping and budgeting purposes. If your business operates under multiple names, you can add and verify your DBAs to accept deposits in the names of those businesses. If this is a completely separate registered business, you may want to create a new account for that business in Found to manage its finances separately.

Any deposits—including check deposits, direct deposits, or wire transfers—should be made out to either your legal name or your verified business names.