Respuesta :
Accounting information systems can track revenue and costs for each product.
Revenue is the money that flows into a company through its business activities. Income is calculated differently depending on the accounting method used. Under accrual accounting, margin sales are recognized as revenue for goods or services provided to customers. Under certain rules, sales are recorded even if payment has not been completed.
You need to review your cash flow statement to assess how efficiently your company is collecting outstanding payments. On the other hand, in cash accounting, sales are recorded as sales when the money is received. Cash paid to a business is called a "receipt". It is possible without a receipt. For example, if a customer prepays for services that have not yet been provided or goods that have not been delivered, this activity will be a receipt, not a sale.
Earnings are called the top line because they appear first on a company's income statement. Net income, also called bottom line, is revenue minus expenses. Profit is when income exceeds expenses.
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