Ask yourself this simple question: How do you make money?
You may be surprised at the answer. Many entrepreneurs provide more than one kind of service. Therefore a income account should be created for each stream of income.
An income stream is defined as a regular and continuing flow of money generated by a business/
For example, you primarily provide web design services, but you may also get commission from hosting sites. Then you need to add a “commission income” to track commissions received.
As you generate income in different areas, you can see where are your money makers and you want to re-focus your energies to where the money is or isnt.