The income component allows you to enter the sales forecast for one or more of your products or services. You could use one income component for every different type of product or service you have. If you have a lot of products or services, you may want to consider consolidating them down into one component.
- Option 1: Income simply lets you enter your expected forecast.
- Option 2: Income per unit will let you choose a price and a unit volume of sales you expect.
To make the most of these please read our main component tips guide. This covers the different ways you can enter your data that are universal to all types of components.
+ADD COST OF SALES can be used to add a direct cost to this income. This adds a new component connected to the income component which calculates a cost based on the income you enter here. When you press this button, you'll see a new cost component added to the model on the left hand side. Click it to begin editing the cost of sales for this product.
+ADD INVENTORY can be used to model your purchase of inventory. It has options for buying several months of stock in advance, replenishing as your sales diminish your supplies and also setting a percentage write-off rate. Like cost of sales, clicking this will add a new asset component to the model on the left hand side.