Revenue Is The Same As Sales

In accounting the terms sales and revenue can be and often are used interchangeably to mean the same thing.

Revenue is the same as sales. Sales refer to the proceeds received from the selling of goods and services to the customers. Apple posted 48 35 billion in net income or earnings which was a 5 8 increase from the. Although revenue and sales are considered the same in many cases there is still a slight difference between revenue vs. In a few businesses there are no other sources for generating revenue other than by sales.

Other sources of revenue include interest trust monies royalties and fees. Sales revenue is the income received by a company from its sales of goods or the provision of services. Income or net income is a company s total earnings or profit. Sales are revenue is not the same but they are related.

In business glossary the terms sales and revenue are often used as synonyms but there is a fine line that demarcates the two. Sales are the total consideration accrued from selling goods or services by a company. Sales may be defined as prices paid by customers while. Sales can exceed revenue.

Sales is a part of revenue. Revenue does not necessarily mean cash received. Revenue also known as gross sales is often referred to as the top line because it sits at the top of the income statement. Sales are a subset of revenue.

Revenue is the total amount of money generated by a company. The first line on any income statement or profit and loss statement deals with revenue. In those businesses total sales income is equal to total revenue. Revenue is generated from investments interest on debts and licenses as well as sales income.

The exact wording may vary but you can look for terms like gross revenue gross sales or total sales this figure is the amount of money a business brought in during the time period covered by the income statement. The company s revenue number represented a 6 3 top line growth rate from the same period a year earlier. Sales are divided into two levels gross sales are all sales at the regular price. In effect revenue includes all sources of income realized and unrealized.

It represents the contract between the buyer and seller that incorporates transfer of title of goods in exchange for adequate consideration. Total revenue was 69 billion for the quarter ending june 2019 and 73 5 billion for the same period in 2018. Net sales are gross sales less discounts or adjustments.