Post by account_disabled on Feb 1, 2024 1:13:47 GMT -5
There are many terms that often cause confusion among people. For aspiring entrepreneurs and investors, these words are often “income,” “revenue,” and “profit.” It would seem that all this is money, why divide it? Although these concepts are closely related, they reflect different aspects of the financial activities of an individual and a company. In this article, we will clearly explain the difference, and also analyze why a business needs to measure these indicators and how to do it correctly. Content What is income What is revenue What is profit How to correctly calculate revenue and profit Why does business need these indicators?
Where to look in financial statements Briefly about the main thing What is income Income is the amount of money or value received (earned) by an individual or legal entity over a specified period of time. Income includes all Europe Cell Phone Number List receipts received from various sources. The main purpose of generating income is to obtain funds to cover expenses and achieve financial goals. The higher the income, the more resources are available for satisfying needs, investing, saving, or other purposes. Example To make it clearer, let’s look at a few examples of generating income from different types of activities: The worker receives a certain amount of money for doing his job.
For example, if an employee earns 50,000 rubles per month from his job, this will be his salary and main source of income. A person who owns real estate can rent it out and receive money from rental payments. For example, if the owner rents out an apartment for 30,000 rubles per month, this will be his rental income . Authors, composers, inventors or owners of other types of intellectual property may receive income in the form of royalties (compensation for the use of patents, copyrights, franchises, natural resources). For example, if a musician receives royalties from the sale of his songs, this will be considered income. Источник: zvonobot.ru/blog/dohod-vyruchka-pribyl-raznitsa-raschet
Where to look in financial statements Briefly about the main thing What is income Income is the amount of money or value received (earned) by an individual or legal entity over a specified period of time. Income includes all Europe Cell Phone Number List receipts received from various sources. The main purpose of generating income is to obtain funds to cover expenses and achieve financial goals. The higher the income, the more resources are available for satisfying needs, investing, saving, or other purposes. Example To make it clearer, let’s look at a few examples of generating income from different types of activities: The worker receives a certain amount of money for doing his job.
For example, if an employee earns 50,000 rubles per month from his job, this will be his salary and main source of income. A person who owns real estate can rent it out and receive money from rental payments. For example, if the owner rents out an apartment for 30,000 rubles per month, this will be his rental income . Authors, composers, inventors or owners of other types of intellectual property may receive income in the form of royalties (compensation for the use of patents, copyrights, franchises, natural resources). For example, if a musician receives royalties from the sale of his songs, this will be considered income. Источник: zvonobot.ru/blog/dohod-vyruchka-pribyl-raznitsa-raschet