The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. The events business is crucial to the group in that it provides a constant revenue stream. It is the revenue earned by shipping freight by a transportation company. Revenue article about revenue by the free dictionary. In other words, it is one of those books that makes sense for people in the. Some companies also collect revenue through other means, such as selling assets the business no longer needs or earning interest by offering shortterm loans to employees or other businesses.
Some consultants assert that a firm is worth about 60% of gross revenue. Book of business is an industry term that refers to a salespersons or professionals list of accounts or clients. This yields the most accurate income statement results. This is also known as the gross income or sometimes the top line amount. Target revenue is the revenue or earning which a company is targeting for a given period. Browse the definition and meaning of more terms similar to revenue ton mile. This wideranging and authoritative dictionary contains 7,000 entries 200 new to this edition covering all areas of business and management, including marketing, organizational behavior, business strategy, and taxation.
Lost profits and lost revenue both hurt a companys results. Whether it is administration, commerce or finance, our business dictionary will provide detailed definitions, proper pronunciation, visual guides and our essential countryspecific translations. Therefore, revenue is equal to the price times the quantity in units, weight, or some other measure of all products sold in the time period under consideration. A book of business contains customer data, and allows a business to break the customers into.
Accounting is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. This statistic shows global ebook revenue from 2009 to 2011, and a forecast thereof to 2016, broken down by region. Target revenue is the aspirational revenue figure which the company wants to achieve. Books of business financial definition of books of business. My business is set up for accrual method accounting. The statement displays net profit or net loss of a business at the end of the accounting period. Revenue ton miles is quite similar fundamentally to revenue passenger miles, the measure which is employed by the airlines. A book of business, in the context of insurance, is a database or book that lists all of the insurance policies the insurance company has written. However, one of these losses is more damaging than the other because of where it is found on the income statement.
Important institutions of private finance include those that deal with insurance, banking, stocks see stock, bonds, and other securities. The actual revenue for small bookstores varies widely. Barrons updated and expanded dictionary of accounting terms is an az reference that defines more than 2,500 accounting, auditing, compliance, and taxrelated terms in a way everyone can understand. Revenues help to increase the value of assets and decrease the value of liabilities in a business revenue is also known as gross income or sales and excludes the expenses or costs incurred by the business. French translation of revenue collins english dictionary. A book of business contains customer data, and allows a business to break the customers into appropriate. The average revenue of small bookstores your business. Still, profits are profits and revenue is revenue, and both are accounting items.
Profit and loss statement accounting dictionary zoho books. Target revenue can be set for a year, quarter, month or any particular activity. A revenue center is a distinct operating unit of a business that is responsible for generating sales. Unearned income revenue income received in advance of the time at which it is earned, such as prepaid rent. A sale is realized when goods or services are exchanged for cash or claims to cash. Net income can be figured out by subtracting the costs from the revenue. English dictionary definition of government revenue. By doing so, a business is using the matching principle to link the expense incurred to revenues generated in the same reporting period. Revenue definition, the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses. Financial advisers are most commonly associated with books of business, but certain other producers might have this terminology applied to their own client lists as well, including insurance sales agents, private bankers, investment bankers, and financial planners.
The business on the books report may be directly compared to the history forecast report as long as the business on the books report includes block rooms not picked up. The profit and loss statement helps you to assess the financial position of a business by providing the details of incomes and expenses incurred by a business during a particular accounting period. Revenue dictionary definition revenue defined yourdictionary. For example, a bank might have customers who provide a large stream of revenue, and another set of customers who do not provide the bank with a large stream of revenue. Sales revenue is the income that a firm realizes from selling its products or services to the public. Demand curve, demand and budgets in transportation, the shape of. Books general reference books for book publishers, all establishments, employer firms revbgref511allest from 20 to 2018 about book, printing, employer firms, accounting, revenue, establishments, services, and usa. Graph and download economic data for sources of revenue. Buy products related to business dictionary products and see what customers say. Developed to be the most detailed and crossculturally reliable dictionary for the.
The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any. Acquiring used books for free and reselling is better for margins. French translation of revenue the official collins englishfrench dictionary online. The terms revenue and income are often used in reporting earnings. In my work at ibm i founded the global ceo survey, a biennial study of more than. The income from operating and nonoperating activities of a business like sale of goods or services, interest income, etc is known as the revenue for a business. Revenue the amount of money a company earns through the sale of goods or services, rents, and other sources. The timing of revenue recognition, when the revenue can appear on the companys income statement, is based on the following two factors is the sale realized or realizable. Do you think should send us a po, here, a po is a purchase order that is a recognised document which specifies the customer, and what they are ordering. Valuation rests on several factors, including the firms nonpirating clause and whether it operates as a unified entity or a loose coalition of cpas pursuing their own books of business. Dictionary of business and economics terms barrons business dictionaries friedman ph.
Textbook revenue accounts for 20 percent of all book sales in the u. The business on the books report displays a mix of business currently comprising a propertys occupancy from the current business date to any future date. Over 100,000 french translations of english words and phrases. In financial accounting, an inflow of money usually from sales or services thru business activities is called as revenue. Revenue stream definition and meaning collins english dictionary. Free accounting books download ebooks online textbooks. The short answer is that revenue model innovation is a type of business model innovation. You generally cannot recognize revenue until a sale is. Revenue in accounting terms accounting dictionary zoho. A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. A book is a number of pieces of paper, usually with words printed on them, which are. All money collected in the process of selling the companys goods and services.
Synonyms for revenue at with free online thesaurus, antonyms, and definitions. The management dictionary covers over 7000 business concepts from 6. A glossary of judicial and revenue terms and of useful words occurring in official documents relating to the administration of the government of british india, from the arabic, persian, hindustani, sanskrit, hindi, bengali, uriya, marathi, guzarathi, telugu, karnata, tamil, malayalam and other languages. As a client relations management tool, it helps insurers keep track of all of their policyholders, their subsequent coverage obligations, and make relevant business decisions. Reading such an enlightening book on the subject was of much profit to his. It includes deductions for merchandise which is returned as well as any applicable discounts. Since his allowance didnt pay for everything that lucas wanted, he started a lawn mowing business in his neighborhood to increase his revenue. Revenue sometimes called sales refers to all the money a company takes in from.
Principles of accounting, introduction to accountancy, the accounting equation, double entry, debtors, creditors, prepayments, accruals and depreciation. Book definition and meaning collins english dictionary. A business generates revenue from its operating and financial activities. Revenue meaning in the cambridge english dictionary. Hq is the headquarters of the business taking the order. Sales returns book meaning in the cambridge english. Revenue refers to the amount of money which firms generate in receivables within a certain time frame. A relationship management technique used by businesses in order to maintain a closer connection with highvalue customers. Target revenue definition, importance, example, formula. Dictionary of business and economics terms barrons business dictionaries. Do you know how to ask your spanishspeaking investors about their roi. The company must create new revenue streams and cut operational. A glossary of judicial and revenue terms and of useful.
Revenue definition is the total income produced by a given source. For example, a department store may consider each department within the store to be a revenue center, such as mens shoes, women shoes, mens clothes, womens clothes, jewelry, and. Most revenue results from the sale of goods and services. Revenue is the total quantity of money that a business brings in during a set period of time. Revenue quotes quotes about revenue yourdictionary. One drawback to the accrual method is that it can factor income you dont actually have, on hand or in the bank your books may report large amounts of revenue based on several inprogress invoices, even if your bank account is empty. The definition of book is a story or collection of stories that can be read. It is now proper to proceed a step further, and to enumerate the principal circumstances, from which it may be inferred, that manufacturing establishments not only occasion a positive augmentation of the produce and. Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. The margin on new books is often less than 5 percent.
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