What is the difference between revenue and profit?
Revenue is total income from sales before expenses; profit is what remains after subtracting all costs.
How is revenue calculated?
Revenue is calculated by multiplying the number of units sold by the price per unit. The formula is: Revenue = Units × Price.
Can revenue be negative?
Yes. Negative revenue occurs when refunds, returns, or allowances exceed sales, or when calculating losses in a period.
What counts as revenue?
Revenue includes all income from sales, including product sales, service fees, subscriptions, licenses, and other business income.
How do you sum multiple revenue streams?
Add each revenue stream amount together. You can track product sales, services, subscriptions, or other sources separately, then total them.