Revenue information

In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.^[1] Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees.^[2] "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, revenue is a subsection of the Equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses).^[3]

In general usage, revenue is the total amount of income by the sale of goods or services related to the company's operations. Sales revenue is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers. Fundraising revenue is income received by a charity from donors etc. to further its social purposes.

In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or on International Financial Reporting Standards.

In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading "Revenue" or "Revenues" on an income statement. Revenue account-names describe the type of revenue, such as "repair service revenue", "rent revenue earned" or "sales".^[4]

^ Wolk, Harry I.; Dodd, James L.; Rozycki, John J. (2008). Wolk, Harry I. (ed.). Accounting Theory: Conceptual Issues in a Political and Economic Environment, Volume 2. Sage library in accounting and finance (7 ed.). Los Angeles: Sage. p. 383. ISBN 9781412953450. Archived from the original on 10 February 2023. Retrieved 16 November 2020.
^ Joseph V. Carcello (2008). Financial & Managerial Accounting. McGraw-Hill Irwin. p. 199. ISBN 978-0-07-299650-0. This definition is based on IAS 18.
^ Williams, p.51^{[incomplete short citation]}
^ Williams, p. 196.^{[incomplete short citation]}

[1] Wolk, Harry I.; Dodd, James L.; Rozycki, John J. (2008). Wolk, Harry I. (ed.). Accounting Theory: Conceptual Issues in a Political and Economic Environment, Volume 2. Sage library in accounting and finance (7 ed.). Los Angeles: Sage. p. 383. ISBN 9781412953450. Archived from the original on 10 February 2023. Retrieved 16 November 2020.

[:0-2] Joseph V. Carcello (2008). Financial & Managerial Accounting. McGraw-Hill Irwin. p. 199. ISBN 978-0-07-299650-0. This definition is based on IAS 18.

[3] Williams, p.51^{[incomplete short citation]}

[4] Williams, p. 196.^{[incomplete short citation]}

Revenue information

and 29 Related for: Revenue information

Revenue

Internal Revenue Service

List of largest companies by revenue

Revenue service

List of professional sports leagues by revenue

List of largest manufacturing companies by revenue

Revenue sharing

Revenue Village

HM Revenue and Customs

United States Revenue Cutter Service

Revenue stream

Government revenue

Marginal revenue

Net income

List of sovereign states by tax revenue to GDP ratio

Federal Board of Revenue

List of districts in India

Revenue stamp

Revenue block

Passenger

List of largest law firms by revenue

Canada Customs and Revenue Agency

Cost of revenue

Revenue bond

List of revenue divisions of Kerala

Minister of National Revenue

Revenue Commissioners

Inland Revenue

YouTube

Accounting
Part of a series on

Historical cost Constant purchasing power Management Tax
Major types Audit Budget Cost Forensic Financial Fund Governmental Management Social Tax
Key concepts Accounting period Accrual Constant purchasing power Economic entity Fair value Going concern Historical cost Matching principle Materiality Revenue recognition Unit of account
Selected accounts Assets Cash Cost of goods sold Depreciation / Amortization (business) Equity Expenses Goodwill Liabilities Profit Revenue
Accounting standards Generally-accepted principles Generally-accepted auditing standards Convergence International Financial Reporting Standards International Standards on Auditing Management Accounting Principles
Financial statements Annual report Balance sheet Cash-flow Equity Income Management discussion Notes to the financial statements
Bookkeeping Bank reconciliation Debits and credits Double-entry system FIFO and LIFO Journal Ledger / General ledger Trial balance
Auditing Financial Internal Firms Report Sarbanes–Oxley Act
People and organizations Accountants Accounting organizations Luca Pacioli
Development History Research Positive accounting Sarbanes–Oxley Act
Misconduct Creative Earnings management Error account Hollywood Off-balance-sheet Two sets of books
v t e