The Net/Gross switch lets you choose how your actual income is displayed when comparing it to your income budgets. It’s available on both the Budget vs Actual graph and the Variance Report.
Most importantly:
💡 The switch only adjusts the actual amounts shown.
💡 Your budget amounts never change.
What is Net Income?
Net income reflects the amount that actually lands in your bank account. This is usually the most practical view for tracking cash flow. Examples include:
Net wages (after tax and super)
Net rent received (after agent fees and deductions)
Net business deposits
Sole trader income when you’re not registered for GST
Net is the default because it aligns with your real bank transactions.
What is Gross Income?
Gross income is the full amount earned before any deductions, fees, tax or adjustments. Examples include:
Gross rent before agent deductions or repairs
Wages before tax
Sole trader income including GST
(For GST-registered sole traders, this gross amount is usually what hits the bank.)
Switching to Gross is useful if you want to assess overall earning performance, not just what was deposited after deductions.
How the switch works
Budget vs Actual graph
The switch updates how your actual income appears on the graph:
Net = actual bank amounts
Gross = full income amounts from your Tanks
Your budget line stays the same.
Variance Report
The switch lets you compare:
Budget vs Net Actuals, or
Budget vs Gross Actuals
This is especially helpful for incomes where the gross amount is materially different from the net amount, such as rental income or GST-inclusive revenue.
💡 Tip: How to choose between using net or gross
For income budgets, you can enter either:
Net income — what hits your bank (net wages, net rent, net business deposits)
Gross income — before deductions (gross rent before fees, wages before tax, GST-inclusive revenue)
Because budgets don’t distinguish between net or gross amounts, the Net/Gross switch lets you decide which actual figures you want to compare your budget against.