Income budgets help you plan your expected earnings and keep track of your cash flow throughout the year.
Here’s how to create one using the Add Income Budget popup.
Step 1. Select a Tank or Personal icon
At the top of the popup, choose where the income belong; Work, Property, Sole, Holdings, or Personal. This selection controls which income categories you can choose from.
The Manage Custom button is always visible, but you can only create Personal custom categories. All Tank income categories are mapped to the tax return, so they cannot be customised.
Step 2. Select an income category
Open the category dropdown and search or scroll to find the category that best fits your income source. Choosing the correct category ensures your budget lines up accurately with your allocated transactions.
Step 3. Set the start date and amount
Choose the start date for your income budget, then enter the budget amount for that period. For example, salary per pay cycle, rental income, business income, dividends, or other expected earnings.
💡 Tip: how to choose between gross or net income amounts
For income budgets, you can enter either:
Net income — what actually hits your bank (ie. net wages, net rent, sole trader income excluding GST)
Gross income — the full amount before deductions (gross rent before agent fees, wages before tax, sole trader income including GST)
Whist we don't separate net or gross budgets, in the Variance Report you can compare your budget to net or gross actual income, so choose whichever makes more sense for your goals.
Step 4. Choose whether the budget repeats
By default, all new income budgets are set to Not repeating. If this income is recurring, simply update the repeat option to:
Weekly
Fortnightly
Monthly
If you select a repeating option, you can also enter an end date. (End dates remain unavailable for non-repeating budgets.)
Step 5. (Optional) Show this budget in your calendar
Turn on Display in calendar if you want to track when income is due to arrive. This is helpful for:
Salary or wages
Rent received
Business income cycles
Dividend payments
Any other income you want to keep visible in your upcoming events
This option isn’t usually needed for more general income allowances unless you prefer them shown on your calendar.
That’s it!
Once you save your income budget, it will appear on your dashboard and begin tracking against your actual income transactions as they are allocated.
