Book of business is an industry term that refers to a salespersons or professionals list of accounts or clients. Any income generated by companys or an organisations core business activities are known as operating revenue. Revenue model innovation, the focus of my book, is about applying new and different approaches to making money from the same product or service, rooted in a deep understanding of customer behavior. Usually, based on a firms sales, financial analysts can estimate the size of a firm. Easytouse free business glossary with over 20,000 terms. Book trade revenue development in germany 20182020 unit sales of the u. For example, an employee receiving a raise may reply with. The events business is crucial to the group in that it provides a constant revenue stream. Buy products related to business dictionary products and see what customers say. Revenue dictionary definition revenue defined yourdictionary. Improve your financial literacy with this dictionary of financial terms.
Revenue definition is the total income produced by a given source. Revenue is money brought into a company by its business activities. The company must create new revenue streams and cut operational. Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. Book definition and meaning collins english dictionary. Synonyms for business at with free online thesaurus, antonyms, and definitions.
The two words can be used interchangeably, since they. The bank would like to retain both customers, as well as to get lowrevenue customers to provide more revenue, but might be inclined to focus more on its more valuable customers. The difference between the amount of book value for an asset and how much depreciation is assessed on the asset. Synonyms for revenue at with free online thesaurus, antonyms, and definitions. The real issue is what goes into that income number. This is the revenue that a company generates during an accounting period quarter or year and reports on its income statement.
A book of business contains customer data, and allows a business to break the customers into appropriate groups so that it can set appropriate sales targets. Financial advisers are most commonly associated with books of business, but certain other producers might have this terminology applied to their own client lists as well, including insurance sales agents, private bankers, investment bankers, and financial planners. Accounting basics revenues and expenses accountingcoach. The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an. The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted.
Learn the most commonly used terms in finance, business and the stock market. Revenue meaning in the cambridge english dictionary. Revenue is shown usually as the top item in an income profit and loss statement from which all charges, costs, and expenses are subtracted to arrive at net income. Monthly recurring revenue mrr is the amount of reasonably regular and predictable income a company expects to receive every month. Revenue stream definition and meaning collins english dictionary. Sales revenue definition in the cambridge english dictionary. Revenue is the income generated from normal business operations. Because of double entry, we know there must be a minimum of two accounts involvedone of the accounts must be debited, and one of the accounts must be credited. Business accounting definition and meaning collins.
Sales revenue is the amount realized by a business from the sale of goods or services. A book is a number of pieces of paper, usually with words printed on them, which are. Revenue definition, the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses. In other words, it is one of those books that makes sense for people in the. Since his allowance didnt pay for everything that lucas wanted, he started a lawn mowing business in his neighborhood to increase his revenue.
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