R07 / Reports and Excel

Read Income, Expenses and Net

Learn how to read Income, Expenses and Net on Pennie's Reports page.

Find it: Bottom tabs > Reports

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Worked examples use sample data, not your account. Reference screenshots show the current app controls in a Windows preview; their example amounts may differ from this lesson. Android system prompts vary by device.

Step 1

Read recorded Income and Expenses

  1. Read recorded Income and Expenses
  2. Net is Income minus Expenses
  3. Report net is not bank cash

Income is the selected period's saved ordinary income.

Expenses are its saved ordinary spending.

Savings movements and debt activity have separate meanings.

Step 2

Calculate Net balance

  1. Calculate Net balance
  2. Net is Income minus Expenses
  3. Report net is not bank cash

Subtract Expenses from Income to get Net.

Eighty-five thousand minus thirty-two thousand eight hundred is fifty-two thousand two hundred rupees.

This is report net, not an authenticated bank balance.

Step 3

Recognize negative net

  1. Recognize negative net
  2. Net is Income minus Expenses
  3. Report net is not bank cash

This one-day example has spending and no ordinary income.

Its Net is negative.

Negative report net does not tell you a bank account's available cash.

Step 4

Check the period before comparing

  1. Check the period before comparing
  2. Net is Income minus Expenses
  3. Report net is not bank cash

Always read the selected period first.

A month, week and custom day have different coverage.

Reports changes no saved records while you explore.

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