Revenue

Definition: Revenue is the total income a business generates from its sales or services before deducting any expenses. It represents the financial inflow from selling goods, providing services, or other business activities.

Example: A handmade soap maker selling 500 bars of soap at $10 each would have a revenue of $5,000 before accounting for costs like materials or marketing.

Resources:

• Accounting Software: Tools like QuickBooks track and report revenue alongside other financial metrics.
• Revenue Growth Strategies: Courses on platforms like Udemy help small business owners increase sales and profitability.
• POS Systems: Services like Square track revenue from in-person and online sales.

Learn More: Check out our guide to better understand how tracking revenue can improve your business decisions.