Sundry Income

What is 'Sundry Income'

Sundry income is income that is generated from sources other than a company's normal business operations. This would include any income that is not generated by the sale of the company's products and services. Sundry income is likely to be less predictible in nature than revenue from a business' primary operations. Sundry income is a non-material source of income, and would generally be trivial in relation to a company's income from operations. Also called miscellaneous income or other income.

BREAKING DOWN 'Sundry Income'

Sundry income or miscellaneous income may be shown as a line item on the income statement under "other operating income," and may include income from a number of sources, for example, late fees, profit on the sale of minor assets or foreign exchange gains. Note that interest income may or may not be included in sundry income based on the type of business; if a company has substantial interest income due to large cash balances, interest income may be shown as a line item, separate from sundry income.

RELATED TERMS
  1. Income From Operations - IFO

    The profit realized from a business' own operations. Income from ...
  2. Income

    Money that an individual or business receives in exchange for ...
  3. Active Income

    Income for which services have been performed. This includes ...
  4. Business Income

    Any income that is realized as a result of business activity. ...
  5. Portfolio Income

    Income from investments, dividends, interest, royalties and capital ...
  6. Income Investment Company

    A money management firm whose primary investment goal is to generate ...
Related Articles
  1. Savings

    All About Income

    Income is the money you or a business earns by providing goods or services, or through investments.
  2. Professionals

    The Income Statement

    Income Statement
  3. Professionals

    Income Statement Components

    CFA Level 1 - Income Statement Components. Learn the various components required to calculate net income for income statements. Looks at recurring and non-recurring items.
  4. Professionals

    Income And Assets

    This section of the exam details various income and asset sources for individual taxpayers.
  5. Taxes

    Explaining Taxable Income

    Taxable income is the net of gross income and allowable deductions.
  6. Professionals

    The Income Statement: Key Calculations

    FINRA/NASAA Series 65 - The Income Statement: Key Calculations. This section explains calculations of operating income, EBIT, Net income and cash flow.
  7. Economics

    What is the Income Effect?

    In economics, the income effect is the change in the consumption of goods caused by a change in income, whether income goes up or down.
  8. Investing

    Net Operating Income

    Net operating income (NOI) reflects income after operating expenses are deducted, but before income taxes and interest are deducted.
  9. Professionals

    Federal Income Tax Regulations

    FINRA Series 6 Exam Study Guide - Federal Income Tax Regulations. In this section, four types of income tax: Tax on Ordinary income, capital gains, dividends, passive income
  10. Professionals

    Limitations of GDP and Alternative Measures

    CFA Level 1 - Limitations of GDP and Alternative Measures
RELATED FAQS
  1. What is the Difference Between Operating Income and Net Income?

    Understand the difference between operating income and net income, including the calculations and interpretations of each ... Read Answer >>
  2. What is the difference between gross income and earned income?

    Being able to distinguish between earned income and gross income is an important tool in preparing for and filing your individual ... Read Answer >>
  3. What is the difference between comprehensive income and gross income?

    Learn the specifics of both comprehensive income and gross income, how they are legally defined, and the primary difference ... Read Answer >>
  4. Is operating profit the same as net income?

    Understand the difference between operating profit and net income, including how each type relates to the other and how both ... Read Answer >>
  5. What is the difference between taxable income and gross income?

    Understand the basic differences between the terms gross income and taxable income, and what is included in the total of ... Read Answer >>
  6. What is the difference between earnings and income?

    See how earnings and income are different and when they are used in relation to personal finance versus a business' financial ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center