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Example let s say that we have the gross revenue of 110 000 with a sales discount of 10 000.
Net revenue net income difference. Revenue refers to the total amount of money that is generated by the sales of goods and services from the company s operations. Let s go back to the hypothetical shoe store. Income or net income is a company s total earnings or profit. The formula for net income is simply total revenue minus total expenses.
Let s quickly dive deeper into these two terms before we get started. Small business owners can look at their net revenue vs. Net income to see if their business is providing a good return on their money as well as paying them a decent salary. Revenue is also called top line in financial context.
Net income on the other hand is the profit that is left after subtracting all the expenses cost of goods sold expenses depreciation interest and taxes etc from revenue. If your net revenue was 70 000 and you spent 25 000 running your business your net income would be 45 000. Revenue is the total amount of sales generated by a company while income refers to the net profit earned minus expenses. Net revenue reporting.
People often refer to net income as the bottom line as it is the last line item on an income statement. Net revenue or net sales reporting only lists what s left on the bottom line calculated by subtracting the cost of goods sold from gross revenue for the same shoemaker. So while revenue shows the total amount of money coming in income shows the total amount coming in and out. The net revenue is what a company earns as a whole and the net income that the company is left with after bearing all the expenses and adding other sources of income.
The basic difference between revenue and net income could be the fact that the former is the total amount of money actually earned by an entity during a particular period whereas the latter is the actual total earnings that are left with a company after making all the necessary adjustments like depreciation interest cost of doing business.
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