Income is considered to be any deposit of money coming in from an external source. This includes things like paychecks, social security, and more.
To review what is counted as income, simply tap on the 'Earnings' line in the Spending tab of the mobile app. The Income page shows transactions counted as income, as well as other deposits that are not being counted as income (for example, a deposit from an account to another one).
If you are seeing your recent income transactions are not being assigned to your earnings within the app, you can manually update that within the app following these instructions 👇
Go to Transactions Tab and use the search bar to find your list of paychecks. You can use your 'Payroll Description'
Select your most recent deposit. You'll see a row that says Is Paycheck? and you can select the button next to it.
Assign it to your Payroll.
The button should turn green now, which means Rocket Money now recognizes this as being part of your payroll.
You will need to follow these same instructions for all other deposits that are missing.
Rocket Money is showing my income too low
At the bottom of your income screen you will see transactions that are not counted towards your income. To count any of these towards income, simply change the category to 'Income'. For help on editing your transaction categories, please check out 👉 this guide.
Rocket Money is showing my income number too high
If the income transaction is actually just a transfer from another account, tap the icon on the transaction and change the category to 'Internal Transfers'
If the transaction is actually a refund for a prior purchase, tap the transaction and change it to the category the initial purchase was in. This will then properly subtract it from that spending category.
Bill reimbursements / splitting
If you share bills and receive payments for them, you may not want to count those as income. Instead, simply change the category to the "Bills & Utilities" category to have these transactions subtract from your bill expenses.
Business expense reimbursements
Change the category to "Reimbursements" so it does not count against your spending or income.
You can also ignore any transaction altogether by tapping it and selecting the "Ignore" option.