Revenue (also referred to as Sales or Income) forms the beginning of a company's Income Notice that this definition doesn't include anything about payment for To learn more, explore CFI's free Accounting Fundamentals Course. Revenues are streams of income a company receives in its day-to-day business operations. Debitoor's accounting dictionary Recording and reconciling your income is easier than ever with Debitoor accounting software. Essentially, this includes any revenue made through means other than the daily operations, such​. Reporting revenues in the period in which they are generated is called the accrual basis of accounting. Thus, your company's revenue could. Views Read Edit View history. Collins Dictionary of Business, 3rd ed. In accountingin the balance statement it is a subsection of the Equity section and revenue increases equity, it revenue meaning in accounting terms often referred to revenue meaning in accounting terms the "top line" due to its position on the income statement at the very top. Sales taxes are not included in revenue, since they are collected on behalf of the government by the seller. Accounting standards. This method is used when a project takes years to complete and it's possible to estimate the percentage of the project completed and the future costs and revenues. Non-operating revenues are derived from activities not related to your company's core business operations.