What's the difference between income and revenue?
submitted by Reed Toomey

Inyene-obona B.

Revenue is your gross profit, before expenses are subtracted. Income is what's left after you've accounted for taxes, depreciation, etc.

pam kelvin

Revenue is the total amount earnd during sales of goods and services. While income is the total amount earned after all other expenses and tax have been deducted which will be seen as net profit.

omnia

Revenue (sometimes called sales) refers to all the money a company takes in from doing what it does — whether making goods or providing services.
“Net income” is the phrase commonly used to refer to a company’s “profit.” It represents how much money the company has left over, if any, after it’s paid the costs of doing business — payroll, raw materials, taxes, interest on loans, etc