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0 pointssotix5mo ago0 comments

I can only speak as a US CPA, but revenue and income are used interchangeably. You're thinking of net income or profit. It's certainly preferable to use the term revenue instead of income in my opinion however to avoid misunderstandings like this.

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otterley5mo ago

I think that's a tax thing (where revenues are treated as "income" for taxation purposes), not a financial accounting thing.

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0 pointssotix5mo ago0 comments

I can only speak as a US CPA, but revenue and income are used interchangeably. You're thinking of net income or profit. It's certainly preferable to use the term revenue instead of income in my opinion however to avoid misunderstandings like this.

0 comments

otterley5mo ago

I think that's a tax thing (where revenues are treated as "income" for taxation purposes), not a financial accounting thing.

j / k navigate · click thread line to collapse