In business accounting, the definitions of sales and gross revenue are the same. Sales, according to Accounting Coach, are the revenue your company brings in from selling its products or services.

Understanding the differences between revenue and profit can be tricky, but it is one of the most important things a business owner needs to understand. The two terms are often used interchangeably, ...

Accounting makes use of what is commonly called a double-entry method. This means that every time a credit is entered, a debit is entered. When a small business reconciles its revenue, it shows not ...