Definition

Noun: - Total income received: The complete amount of money received from sales of goods or services over a specific period, before any costs or expenses are deducted. This figure is typically calculated using invoice or sales prices.

Usage

• Gross revenue is a key financial metric reported on an income statement. It represents the top line of a company's earnings.
• It is calculated before subtracting the cost of goods sold (COGS), operating expenses, taxes, or any other deductions.
• Example:

Examples

Advanced Usage

• "Gross revenue recognition": Refers to the accounting principle of recording total revenue when it is earned, not necessarily when cash is received.
  • Proper gross revenue recognition is crucial for accurate financial statements.
• The term is often used in contrast with net revenue or net income, which is the profit remaining after all expenses.

Variants and Related Words

• Revenue (n): Income generated from normal business operations. "Gross revenue" is a specific type of total revenue.
• Gross sales (n): Very similar to gross revenue, often used interchangeably, though sometimes "sales" refers specifically to income from goods, while "revenue" can include services.
• Top line (n): A common informal synonym for gross revenue, as it appears on the top line of an income statement.
  • The new product boosted the company's top line significantly.

Synonyms

• Total income
• Total sales
• Gross receipts
• Gross income (Note: In some contexts, "gross income" can have a broader meaning for individuals, including all sources of income.)

Antonyms

• Net revenue / Net income: The profit after all expenses, taxes, and costs have been subtracted from gross revenue.
• Bottom line: An informal term for net income or net profit.

Noun

1. income (at invoice values) received for goods and services over some given period of time