The Income Summary object with income summarised and classified by type: regular, irregular or other sources (created/refreshed across up to 10 institutions). Income sources are identified based on patterns by amounts and frequency - to determine the regularity and reliability of each income source
Our complex income algorithm uses over 50 rules to identify different types of income sources. For example, to identify a regular income source - a fortnightly salary should have a repeating pattern over a 90 day time period with regular intervals and similar amounts. Additionally, tolerances are applied based on confidence in identified income source patterns (by amount and frequency). This means that a stable pattern with a gap in payment intervals will still be considered a regular income source with the stability being less than 1.