Accounting Definition Of Revenue
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Revenue is also known as sales as in the price to sales ratio an alternative to the price to earnings ratio that uses revenue in the denominator.
Accounting definition of revenue. A company s revenue which is reported on the first line of its income statement is often described as sales or service revenues. Revenue is the amount a company receives from selling goods and or providing services to its customers and clients. Revenue also called a sale is an increase in equity related to the sale of a product or service that earned income. In other words revenue is income earned by the company from its business activities.
Revenue is the money you collect for providing a product or service. Hence revenue is the amount earned from customers and clients before subtracting the company s expenses. There are many different types of revenues including product sales consulting fees and other services rent and even commission based fees. Revenue is different from earnings which is what s left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in.
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