Revenue

Revenue is the recognised proceeds of ordinary sales of goods or services during a reporting period. It can arise from both immediate payment and credit sales. Financing proceeds and fixed-asset disposals are not ordinary sales revenue in the same way.[2] Returns and discounts affect net sales proceeds.[1]

State whether a report shows order value or recognised revenue, keeping VAT that is not the merchant's income separate. For a goods seller, revenue may equal net sales. Neither figure establishes profit remaining or cash received during the same period.