Got a question regarding how Income is handled in your app.
As I’m semi-retired and doing some consulting, I’m estimating the amount of income I will make this year. In TM, I’ve entered, as an example, $50,000 / year. Is this amount just used for calculating taxes, etc. or do you apply the $50,000 towards my expenses?
The reason I’m asking, when I get paid from consulting, it just goes into my savings account and is usually not used for any of my expenses. So, at the end of the year, let’s say did I made $50,000 from consulting and was also able to save the $50,000 in savings. Does TM now assume that I have $100,000 that would be used towards my expenses?