How do I find unreported income in bank statements?

Undisclosed income usually hides in plain sight: a steady deposit that never showed up on a financial disclosure, or a spike in one month that does not match a salary. The Income insight totals the money coming in so those patterns are easy to spot.

What does the Income insight show?

Open the Insights tab and go to Income. You get a Monthly income trend line chart of income by month, with a Cumulative toggle to see the running total build over the period. Below it, a Monthly breakdown table lists each month's income and the change from the month before, so a sudden jump is obvious.

The table splits each month's Income into two more columns:

• From outside, money that came in from somewhere other than the accounts in this project. This is the figure to hold against a disclosure.

• Between project accounts, deposits that are the receiving side of a transfer from another account in the project, where the bank's own description names that other account.

Compare From outside against what the client reported. A month that runs well above their stated income, or a deposit stream they never mentioned, is exactly what this view is meant to surface.

What counts as income here?

Money coming into the accounts, the deposits and credits. A couple of things it deliberately leaves out, so the total is not inflated:

• Transfers CounselPro labeled as internal. Moving money from checking to savings is not new income, so rows already marked as internal transfers are left out of the total.

• Credit-card payments. Paying down a card is not income, so a payment landing on a card account does not count.

• Money landing on a loan account. A loan payment or advance is not income.

Some moves between the client's accounts are not labeled as internal transfers but can still be matched: the same amount leaves one project account and lands in another within a few days, and the description names the other account. Those stay in the Income column and are counted under Between project accounts, so From outside is income without them. CounselPro only counts a pair when the description names the account, because two rows that merely share an amount and a date are often unrelated.

If the table shows only Income and Change, the project's insights were built before this split existed. Click Regenerate Insights in the project header to add the two columns. See when insights update.

A low month can also just mean a missing statement, so it is worth a look at statement coverage first. To pull the actual deposits behind a month, filter the ledger by date and Kind, or ask Daystrom to list them.