Revenue
hideIn business, revenue or revenues is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or royalties paid to them by other companies. Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in "Last year, Company X had revenue of $32 million."
In many countries, including the UK, revenue is referred to as turnover.
Profits or net income generally imply total revenue minus total expenses in a given period. In accounting and financial analysis, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.
For non-profit organizations, annual revenue may be referred to as gross receipts. This revenue includes donations from individuals and corporations, support from government agencies, income from activities related to the organization's mission, and income from fundraising activities, membership dues, and financial investments such as stock shares in companies. For government, revenue includes gross proceeds from income taxes on companies and individuals, excise duties, customs duties, other taxes, sales of goods and services, dividends and interest.
In general usage, revenue is income received by an organization in the form of cash or cash equivalents. Sales revenue or revenues is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers.
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 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".
For more information about Revenue, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with revenue
Why or 'wine-not' let New York groceries sell wine?
Dec 16, 2009 |
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(PhysOrg.com) -- A Cornell researcher has developed simulation models to predict the economic implications of selling wine in New York grocery stores. With a new law, the state could reap about $22 million a year.
AOL finally regains independence from Time Warner
Dec 10, 2009 |
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(AP) -- AOL resumed life as an independent Internet company Thursday as it completed its spinoff from Time Warner Inc. and closed the book on one of the most disastrous business combinations in history.
Texas Instruments raises 4Q profit, sales targets
Dec 08, 2009 |
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(AP) -- Texas Instruments is raising its fourth-quarter profit and sales outlook, citing an improving market for chips used in cell phones and other electronic gadgets.
MySpace buys imeem music site for under $1 mln
Dec 08, 2009 |
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(AP) -- MySpace's online music venture with recording labels completed its purchase of song streaming site imeem on Tuesday, scooping up its 16 million users and mobile phone applications for less than $1 ...
Google responds to newspaper critics
Dec 06, 2009 |
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Faced with a steady drumbeat of criticism from a shrinking newspaper industry, Google is out to prove that it is friend not foe.
British press group launches charges for online news
Nov 30, 2009 |
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A British newspaper group started charging for online content on Monday in a groundbreaking experiment which will be closely watched by an industry battling falling advertising revenues.
Holiday Web shopping looks brighter than last year
Nov 26, 2009 |
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(AP) -- Online retailers hope the convenience of the Web, plus discounts and deals, spur still-nervous shoppers to spend more online this holiday season - even as traditional retailers brace for mediocre sales.
Magazine publishers creating 'iTunes for magazines': reports
Nov 25, 2009 |
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US magazine publishers Time Inc., Conde Nast and Hearst are preparing to launch an online newsstand described as an "iTunes for magazines," according to published reports.
US online ad revenue down 5.4 pct in third quarter
Nov 25, 2009 |
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(AP) -- Online advertising revenue in the U.S. fell 5.4 percent in the third quarter from a year ago, as the sputtering economy kept its tight grip on even the fastest growing segment of industry, according to a report released ...
5-day delivery no sure cure for postal woes, economist says
Nov 23, 2009 |
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Scaling back mail delivery from six days a week to five may be the best bet to stem mounting U.S. Postal Service losses, but could still be a gamble, says a University of Illinois economist who has studied the agency's persistent ...
Mobile multimedia revenues tipped to dethrone text
Nov 23, 2009 |
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Multimedia services will surpass text messaging this year as the main source of mobile operators' non-voice revenue in the Asia-Pacific region, industry analyst IDC said Monday.
US newspaper ad revenue down nearly 28 percent
Nov 20, 2009 |
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US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.
Semiconductor revenue to fall 11 percent: Gartner
Nov 16, 2009 |
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Worldwide semiconductor revenue is expected to decline by more than 11 percent in 2009 over last year, less than previously forecast, market research firm Gartner said Monday.
EA posts 2Q loss, cutting 17 pct. of work force
Nov 09, 2009 |
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(AP) -- Electronic Arts plans to cut its work force by 17 percent as it tries to align its business with a transforming video game industry.
Failing the sniff test: Researchers find new way to spot fraud
Nov 09, 2009 |
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Companies that commit fraud can find innovative ways to fudge the numbers, making it hard to tell something is wrong by just looking at their financial statements. But research from North Carolina State University unveils ...
