What is the Net Miscellaneous Revenue/Expense line made up of?

The Net Miscellaneous Revenue/Expense line on the Monthly Data screen (purple section of the Income Statement) is any untagged Other Income/Other Expense accounts, but it is calculated as the difference between the Total Misc amount and any tagged Miscellaneous lines. It will show a positive if it is a Net Other Revenue, or a negative if it is a Net Other Expense.  The Miscellaneous (Other Income/Other Expense) accounts may not all be tagged because there is not a tag that matches each account.

The Total Misc line is the total of any accounts not in the Revenue, Direct Costs, or Indirect Costs sections, but above the tagged Net Profit line. So this is usually Other Income and Other Expense sections in the Income Statement. It will show a positive if it is a Total Net Revenue, or a negative if it is a Total Net Expense. This is a system-calculated figure as there is no header tag for Total Miscellaneous.

Notes:

In the Income Statement CSV file, the values in the Other Income/Expense (Miscellaneous) section must be positive if they are their true account sign, with one exception:

• Miscellaneous Income Statement accounts tagged as Non Operational need to be as follows:
  • Expenses should be negatives if they are their true account sign.
  • Revenues should be positive if they are their true account sign.
• This is because the Miscellaneous Non Operational tag can be applied to both revenues and expenses and therefore we need to distinguish.  Every other Income Statement tag only has one application – it’s either a revenue or an expense.
• If your Income Statement does not display the values with these signs in the Other Income/Other Expense section, you will need to reverse the signs in the CSV file before loading data.  If the signs are wrong when loaded, the Net Miscellaneous Revenue/Expense line will show an incorrect amount (because it is a balancing figure). Please Email Support if you need help with this – it is easily fixable without reloading data.