Revenue

In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover. Some companies receive revenue from interest, royalties, or other fees. 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 $42 million." Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, 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.

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".

Read more about Revenue:  Business Revenue, Government Revenue

Other articles related to "revenue":

Returns (economics) - Interest
... "Whoever derives his revenue from a fund which is his own, must draw it either from his labor, from his stock, or from his land ... The revenue derived from labor is called wages ... The interest of money is always a derivative revenue, which, if it is not paid from the profit which is made by the use of the money, must be paid from some other source of revenue, unless perhaps ...
Playboy Online
... and accounts for 60% of corporate revenue (2005, 3Q06) ... Playboy Online is the fastest growing revenue line item in Playboy Enterprises ... Its revenue comes from both online subscriptions to Playboy Cyber Club and from E-commerce, which includes internet advertising ...
Government Revenue
... Government revenue includes all amounts of money (i.e ... Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals ... Government revenue may also include reserve bank currency which is printed ...
Revenue Sharing - In US Taxation
... United States government revenue sharing was in place from 1972-1986 ... Congress gave an annual amount of federal tax revenue to the states and their cities, counties and townships ... Revenue sharing was extremely popular with state officials, but it lost federal support during the Reagan Administration ...
Rajarajan - Administration
... Rajaraja carried out a revenue and settlement during the final years of his reign ... (a land measure) was measured and assessed to revenue ... The revenue survey enabled for the confiscation of lands of the defaulting landlords ...

Famous quotes containing the word revenue:

    If you tax too high, the revenue will yield nothing.
    Ralph Waldo Emerson (1803–1882)

    Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.
    Bible: Hebrew, Proverbs 3:13-18.