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

How is income detected

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.