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Interest income is a common form of revenue for many businesses, arising from savings accounts, loans, or other financial investments. Accurately recording this income in QuickBooks Online ensures that your financial records remain precise and your tax reporting is straightforward.
A rebate is a partial refund provided to a buyer after a purchase. Businesses often use rebates as an incentive to drive sales or reward loyal customers. Rebates can also come from vendors offering discounts after achieving a specific purchase volume or milestone.
