What is the Difference Between Revenue and Income?

[Suba]

The terms revenue and income often confuse many people, even though these two terms always appear in the business world, even though these two terms will always be related to business profits. However, incorrect placement or use of the words revenue and income can cause many people to misinterpret them. This creates confusion for business people. So in your opinion, what is the difference between revenue and income?

 

[King Belieal]

Revenue is a sum total of all money that the business has made without factoring the costs of production into it while profits is the funds that are remaining after all costs of production have been subtracted from the revenue.

 

[Suba]

Revenue is also often interpreted as gross profit without deducting costs. There are two types of revenue: operating revenue and non-operating revenue. While income is net profit or income after deducting costs,

 

[kerryjoy]

Revenue refers to the total amount of money generated by a business from its normal business activities, such as sales of goods or services. Income, on the other hand, is the amount of money that remains after deducting expenses, taxes, and other costs from the revenue. In simpler terms, revenue is the total amount of money earned, while income is the profit or earnings that remain after expenses are subtracted.

 

[Trush Jodie]

The difference between revenue and income is that cost is deducted from one and not from the other.

 

[Springtime]

Revenue is the total amount of money your business generates before deducting costs and expenses. Income is the net profit after deducting all expenses.