In the world of business and finance there is a lot of jargon, or normal everyday words but with different meanings. The flow of cash or cashequivalents received from work wage or salary, capital interest or profit, or land rent. Revenue is a measure of how much raw income a company is bringing in from sales of its products and services. From longman dictionary of contemporary english related topics. A company that sees its revenue rise every year signals that a company is selling more of its products and services which can help it grow. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Learn the words, definitions, and phrases used in the hospitality industry. When calculating financial ratios using vertical and horizontal analysis, and ultimately the pyramid of ratios, its important to have a solid understanding of basic terms. That is, related expenditures are not deducted from their revenues to derive net revenue amounts. Financial analysis ratios glossary most important terms. With over 300 terms, our dictionary is designed to help you better understand the terms that you will come. There are rules specifying when revenue should be recognized in different situations for companies using different accounting methods, such as cash basis and accrual basis accounting. Its purpose is to establish high standards for the quality of language usage, to promote uniformity in language usage, and to minimize the risk of misinterpretation of spanishlanguage materials issued by the irs. Organizations qualifying under this section include religious, educational, charitable, amateur athletic, scientific or literary groups, organizations testing for public safety or.
Sales revenue is the income that a firm realizes from selling its products or services to the public. Revenue, also referred to as sales, is the amount of money a company brings in or earns before any expenses are taken out. The income of a government from all sources appropriated for the payment of the public expenses. You will find a brief description of each of these terms below. Definition of revenue revenue is the amount a company receives from selling goods andor providing services to its customers and clients. Authorized irs efile providers include electronic return originators eros, transmitters, intermediate. Added value enables and justifies a profit in business. The number of employees, company supplies and physical assets affect how much revenue the business generates. 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. A glossary of hotel revenue management terms revenue leaders need to know.
Revenue is at the heart of all business performance. Revenue is the money you collect for providing a product or service. Revenue article about revenue by the free dictionary. What is the meaning definition of hotel franchise in the hospitality industry. Revenue definition and meaning collins english dictionary. An accurate understanding of revenue generation also affects how a company is run. With over 300 terms, our dictionary is designed to help you better understand the terms that you will come across daily while running your business or dealing with your accountant and your bank. Glossary of terminology and definitions for business and management.
Revenue is money earned by a business, or income received by the government from taxes. Revenue is shown usually as the top item in an income profit and loss statement from which all charges, costs, and expenses are subtracted to. The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an. There are a number of other definitions and synonyms for revenues. Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. A business authorized by the irs to participate in the irs efile program. Sales revenue meaning in the cambridge english dictionary. This accounting glossary isnt an ordinary dictionary that you find in the back of one of your accounting. Chart of accounts dictionary description word document revenue 0253 motor vehicle licenses. Revenue is different from earnings, which is whats left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in. Definition glossary for hotel revenue management terminology.
This glossary is developed by the tax forms and publications division of the internal revenue service irs. Falling revenues each year signal that a company is faltering or shrinking. The great recession and the years following it have brought business and financial terms more frequently to the pages of nonspecialist newspapers. It therefore guarantees the airship company a huge amount of business huge revenue, out of which ill be able to repay your loan.
Whatever name businesses and individuals refer to it by, revenue proves to be the total amount of cash which a company garners through its aggregate business activities. Compulsory monetary contribution to the states revenue, assessed and imposed by a government on the activities, enjoyment, expenditure, income, occupation. It is an online application which allows to chose from a wide range of travel products hotels, air tickets, conference halls etc. Revenue of business type activities of governments utilities and other commercial or auxiliary enterprises is reported on a gross basis. If you are running a marketplacetransaction revenue business. Whatever name businesses and individuals refer to it by, revenue proves to be the total amount of cash which a company garners through its aggregate business. Income definition, the monetary payment received for goods or services, or from other sources, as rents or investments. Its purpose is to establish high standards for the quality of language usage, to promote uniformity in language usage, and to minimize the risk of misinterpretation. Revenue definition, the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses. Hotel franchise definition glossary for hotel revenue.
Gcse business studies unit 1 keywords crawshaw academy. In this lesson, youll learn what revenue is, what its not, and how it fits into the overall income of a business. Revenue financial definition of revenue financial dictionary. Glossary of utility finance and accounting terms used in our seminars letters in parenthesis, preceding the definition, identify the sources used in compiling the glossary. So we created the companycrafters entrepreneurs dictionary to lay out a guide to business terminology for everyone in the startup game.
A companys revenue, which is reported on the first line of its income statement, is often described as sales or service revenues. The management dictionary covers over 7000 business concepts from 6 categories. It is a method for expanding a business and distributing products and services through a licensing relationship. Usually, sales are the net sales that the firm achieves minus the cost of returned merchandise. High quality translation services iso translations. This article compares the relative merits of five business dictionaries addressed to a. With over 300 terms, our dictionary is designed to help you better understand the terms that you will come across daily while running your business. Browse the definition and meaning of more terms similar to revenue cycle. Understanding taxes glossary internal revenue service. This section contains various accounting terms, definitions, explanations, and examples that you may use to guide you in your accounting studies or profession. For example, revenue could be recognized when a deal is signed, when the money is received, when the services are provided, or at other times. A glossary of judicial and revenue terms and of useful words. An alphabetical glossary of financial and business terms, plus their definitions.
Revenue that has been earned but not yet invoiced to the customer. It is difficult to learn financial concepts, business structures, accounting principles if you dont know what some accounting terms mean. Revenue this chapter defines the concept of revenue and describes its classification. Monthly recurring revenue mrr is the amount of reasonably regular and predictable income a company expects to receive every month. That is why i created the my accounting course accounting term dictionary. By analyzing the translations of the accounting term income in bilingual business dictionaries. Revenue definition of revenue by the free dictionary.
The abbreviationsacronyms below only refer to the data and text in this document. Depreciation is also a noncash expense that is added into net income. Revenue definition is the total income produced by a given source. Basic business dictionaries compared rucore rutgers university. Your own circumstances will decide whether you operate your business as either a sole trader, a partnership or as a company. A franchise is the right to use the brand and the business model of a specific parent company for a prescribed period of time. 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. From an accounting perspective, revenue typically consists of product and service sales on account or where the customer paid in cash. The amount of income received from selling goods or services. Important institutions of private finance include those that deal with insurance, banking, stocks see stock, bonds, and other securities. A current listing of abbreviationsacronyms can now be found on the mits web site. Investors often consider a companys revenue and net income separately to determine the health of a business. Glossary of business financial terms small business administration.
A business is either a profession or a trade which supplies goods, services or both. A glossary of judicial and revenue terms and of useful. Awl noun uncountable also revenues plural 1 bb bf money that a business or organization receives over a period of time, especially from selling goods or services income advertising revenue. Davis, john gordon seize the reckless wind 1996 fishing is the main industry, with sealhunting in season an additional source of revenue. I have audited the above balance sheet, revenue account and profit and loss.
A word president obama uses in order to avoid saying taxes. The government is always interested in dreaming up new sources of revenue, and. Below is a glossary of terms and definitions for the most common financial analysis ratios terms. Meaning, pronunciation, translations and examples log in dictionary. It is the ability to instantly and systematically decide which business to accept across multiple revenue streams at.
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