In accounting , revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business . Commercial revenue may also be referred to as sales or as turnover . Some companies receive revenue from interest , royalties , or other fees . "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit , earned 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 a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement . This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses).
24-515: AGR may refer to: Finance [ edit ] Adjusted Gross Revenue, an accounting term related to revenue Agere Systems , a ticker symbol on the New York Stock Exchange Technology [ edit ] Accessory gene regulator , genes that control the virulence of Staphylococcus aureus Adaptive Gabor representation Advanced Gas-cooled Reactor ,
48-571: 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 non-profit organizations , revenue may be referred to as gross receipts , support , contributions , etc. This operating revenue can include donations from individuals and corporations, support from government agencies, income from activities related to
72-434: A business's primary activities are reported as sales , sales revenue or net sales . This includes product returns and discounts for early payment of invoices . Most businesses also have revenue that is incidental to the business's primary activities, such as interest earned on deposits in a demand account . This is included in revenue but not included in net sales. Sales revenue does not include sales tax collected by
96-402: A company for selling its products or rendering its services. Also referred to as revenue , they are reported directly on the income statement as Sales or Net sales . In financial ratios that use income statement sales values, "sales" refers to net sales, not gross sales . Sales are the unique transactions that occur in professional selling or during marketing initiatives. Revenue
120-451: A monetary policy statement to the reserve bank directing a positive inflation rate, the expense provision for the return of currency to the reserve bank is largely symbolic, such that to totally cancel the currency in circulation provision, all currency would have to be returned to the reserve bank and canceled. Sales (accounting) In bookkeeping , accounting , and financial accounting , net sales are operating revenues earned by
144-490: A professional agriculturist Active Guard Reserve , a restricted and specialized active duty program of US military reserves Agenzia Giornalistica RCS , an Italian news agency Agrippa (praenomen) Agritubel , a French professional road race cycling team Alpha Gamma Rho , the largest social-professional fraternity in the US Amstel Gold Race , a Dutch cycling classic Andretti Green Racing ,
168-511: A racing team in the IndyCar Series Architectural gear ratio , also known as anatomical gear ratio Asheville Global Report , an independent weekly newspaper Association of Graduate Recruiters Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title AGR . If an internal link led you here, you may wish to change the link to point directly to
192-478: A time period. Net sales are gross sales minus sales returns, sales allowances, and sales discounts. Gross sales do not normally appear on an income statement . The sales figures reported on an income statement are net sales. input vat - output vat sales of portfolio items and capital gains taxes Sales Returns and Allowances and Sales Discounts are contra-revenue accounts. In a survey of nearly 200 senior marketing managers, 70 percent responded that they found
216-485: A type of nuclear reactor Advanced Graphics Riser , a type of slot found on some computer motherboards A US Navy hull classification symbol: Radar picket ship (AGR) Transport [ edit ] AGR (automobile) , an English automobile Agra airport in India, in its International Air Transport Association (IATA) code Alabama and Gulf Coast Railway , in its reporting mark Angel Road railway station in
240-479: Is a transfer of property for money or credit. In double-entry bookkeeping , a sale of merchandise is recorded in the general journal as a debit to cash or accounts receivable and a credit to the sales account. The amount recorded is the actual monetary value of the transaction, not the list price of the merchandise. A discount from list price might be noted if it applies to the sale. Fees for services are recorded separately from sales of merchandise, but
264-406: Is earned when goods are delivered or services are rendered. The term sales in a marketing , advertising or a general business context often refers to a free in which a buyer has agreed to purchase some products at a set time in the future. From an accounting standpoint, sales do not occur until the product is delivered. "Outstanding orders" refers to sales orders that have not been filled. A sale
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#1732772704398288-415: Is from something other than its core operations. The combination of all the revenue-generating systems of a business is called its revenue model . While the current IFRS conceptual framework no longer draws a distinction between revenue and gains, it continues to be drawn at the standard and reporting levels. For example, IFRS 9.5.7.1 states: "A gain or loss on a financial asset or financial liability that
312-450: Is measured at fair value shall be recognised in profit or loss ..." while the IASB defined IFRS XBRL taxonomy includes OtherGainsLosses, GainsLossesOnNetMonetaryPosition and similar items. Revenue is a crucial part of financial statement analysis. The company's performance is measured to the extent to which its asset inflows (revenues) compare with its asset outflows ( expenses ). Net income
336-473: Is printed. This is recorded as an advance to the retail bank together with a corresponding currency in circulation expense entry, that is, the income derived from the Official Cash rate payable by the retail banks for instruments such as 90-day bills. There is a question as to whether using generic business-based accounting standards can give a fair and accurate picture of government accounts, in that with
360-467: Is the result of this equation, but revenue typically enjoys equal attention during a standard earnings call . If a company displays solid "top-line growth", analysts could view the period's performance as positive even if earnings growth, or "bottom-line growth" is stagnant. Conversely, high net income growth would be tainted if a company failed to produce significant revenue growth. Consistent revenue growth, if accompanied by net income growth, contributes to
384-663: The UK, in its three-letter station code Avon Park Air Force Range in the US, in its Federal Aviation Administration location identifier (FAA LID) Language and linguistics [ edit ] Agr (linguistics) , a term which is used in the theory of linguistics. Agreement (linguistics) , morphological change depending on other words Aguaruna language , a language spoken in Northern Peru Other uses [ edit ] Agr. (profession) , abbreviation and title for
408-590: The association's digital media outlets. Business revenue is money income from activities that are ordinary for a particular corporation, company, partnership, or sole-proprietorship. For some businesses, such as manufacturing or grocery , most revenue is from the sale of goods. Service businesses such as law firms and barber shops receive most of their revenue from rendering services. Lending businesses such as car rentals and banks receive most of their revenue from fees and interest generated by lending assets to other organizations or individuals. Revenues from
432-411: The bookkeeping transactions for recording "sales" of services are similar to those for recording sales of tangible goods. Net sales = Gross sales − (Customer discounts, returns, allowances) {\displaystyle {\text{Net sales}}={\text{Gross sales}}-{\text{(Customer discounts, returns, allowances)}}} Gross sales are the sum of all sales during
456-436: The business. Other revenue (a.k.a. non-operating revenue) is revenue from peripheral (non-core) operations. For example, a company that manufactures and sells automobiles would record the revenue from the sale of an automobile as "regular" revenue. If that same company also rented a portion of one of its buildings, it would record that revenue as "other revenue" and disclose it separately on its income statement to show that it
480-424: The company's operations. Sales revenue is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers. Fundraising revenue is income received by a charity from donors etc. to further its social purposes. In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or
504-422: The intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=AGR&oldid=1187863933 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Revenue In general usage, revenue is the total amount of income by the sale of goods or services related to
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#1732772704398528-544: The organization's mission , income from fundraising activities, and membership dues. Revenue (income and gains) from investments may be categorized as "operating" or "non-operating"—but for many non-profits must (simultaneously) be categorized by fund (along with other accounts). For non-profits with substantial revenue from the dues of their voluntary members: non-dues revenue is revenue generated through means besides association membership fees. This revenue can be found through means of sponsorships , donations or outsourcing
552-409: 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 on International Financial Reporting Standards . In
576-503: The value of an enterprise and therefore the share price. Revenue is used as an indication of earnings quality. There are several financial ratios attached to it: Government revenue includes all amounts of money (i.e., taxes and fees) received from sources outside the government entity. 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
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