How to think of Income in Financial Hope
Simply put income is money that comes into your account on a reoccurring basis with regular amounts. Financial Hope identifies this by detecting transactions with specific transaction categories that increase the sum total of your account balance.
Once we have validated the income sources in our wizard setup, we will look for income transaction categories from that same vendor to the same account.
This means if you have split up your income and two separate direct deposits you will see two separate incomes one for each account that you have configured for direct deposit and connected as a connected account
We will detect the frequency with which you are expected to be paid and set a next pay date And this is how we will generate the countdown timer for your pay letting you know that you are being paid in x days, letting you plan how much and when.