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Income records money coming in
Use an income transaction when money is received into one of your accounts. Salary is a common example.
INCOMESalarySalary · 24 Oct 2026
+ AED 20,000RECEIVED INTOCurrent AccountMoney added to the account
TRANSACTIONS
TRANSACTIONS
Understand income and expenses
Learn how money coming in and going out affects your account activity and the financial picture shown in MoniTrak.
4 min readBEFORE YOU START
Start with the direction of the money.
Income and expenses describe two different types of financial activity. The easiest way to understand them is to look at where the money is moving.
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Income — money received into an account
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Expense — money spent from an account or credit card
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Categories explain what the activity relates to
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Transfers between your own accounts are treated separately
STEP BY STEP
Let's get it set up.
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02
Expenses record money going out
Use an expense transaction when you spend money from an account or record spending against a credit card.
PAID FROMCashback Credit CardSelected credit card
→EXPENSEFast FoodRestaurant · 24 Oct 2026
− AED 85003
See how transactions explain a changing balance
Income and expenses provide the activity behind an account balance. Starting with one balance, incoming and outgoing transactions help explain how you arrive at the next.
CURRENT ACCOUNTHow the balance changed
24 Oct 2026STARTING BALANCEAED 25,850
SalaryIncome
+ AED 20,000Fast FoodRestaurant
− AED 850CURRENT BALANCEAfter recorded activity
AED 45,00004
Keep transfers separate
Moving money between your own accounts changes the balances of those individual accounts, but it does not create new income or spending.
CURRENT ACCOUNTAED 45,000
TRANSFERAED 5,000→
MAIN SAVINGSAED 35,000
Current AccountAED 40,000
+Main SavingsAED 40,000
=COMBINED CASHAED 80,000
Combined cash remains AED 80,000.
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A transfer moves money you already have. Treating it as income or an expense could make income and spending totals misleading.
THE SIMPLE RULE
Follow the direction of the money.
Income, expenses and transfers describe different kinds of activity. Keeping them separate helps MoniTrak present a clearer picture of where your money came from and where it went.
INCOMEMoney comes inExample: salary received
EXPENSEMoney goes outExample: restaurant spending
TRANSFERMoney movesBetween your own accounts
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Transfers can change individual account balances without changing the combined amount of cash you hold.
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