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Revenue cycle is a recurring business activities and information processing operations involved in the process of delivering goods and services to customers and receiving payments for the sales.
Revenue cycle definition business dictionary. Means the activities of mirrus systems ams plus and other operations responsible for billing coding or collections. Define revenue cycle management. The revenue cycle has two phases. The revenue cycle begins when a prospective customer is first acquired through actual sales purchase continuing with the establishment of the customer relationship.
The accounting system recognizes a sale as an increase in revenue along with and increase in cash or a receivable.
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