Accounting for spending is an essential part of keeping your books. In a given quarter, you'll probably record money spent in a variety of accounts: employee expense, supplies, inventory, utilities ...

Accrued revenue occurs when a company has earned revenue but hasn't billed a client for payment. To record accrued revenue, the company accountant debits accrued billings and credits revenue for the ...

Gross revenue is the sum total of income generated from a business’s operations. This includes income from the sale of goods and services before any deductions are made. This metric is a measure of a ...

Revenue expenditure is critical to the field of accounting as well as finance. It is essential in the management of a company’s financial resources. It is, therefore, possible to prepare proper ...

While often used interchangeably in casual conversation, revenue and income represent two distinct financial realities for a company.Although they have much in common, there are crucial differences ...

Businesses are primarily successful based on how much money they make or their revenue. But while anyone can roughly grasp revenue, what it means and why it’s essential, revenue as a business figure ...

Understand the link between total and marginal revenue, their differences, and how to calculate marginal revenue effectively. Learn when a company should adjust production.

Understanding the difference between revenue and profit is essential in understanding basic and complicated economics. Even if you don’t know exactly what these terms mean, you’ve heard the words in ...