Rent revenue is income from tenants who pay rent.
Operating expenses are costs you pay to operate a property, including management and collections, and may include costs of insurance and property taxes, although these are normally included under "carrying costs", along with mortgage payments.
It is the difference between revenue from the business and the cost of making a product or providing a service. This is the number before you deduct all expenses.
It is the difference between revenue from the business and the cost of making a product or providing a service. This is the number before you deduct all expenses.
The cost of revenue is the cost to produce a product. Operating expenses are expenses that have to be paid in order to stay in business like rent, utilities, etc.
They are synonyms.
Operating revenue is that revenue which is earned by basic operating activity of business while non operating profit is earned from other activities like purchases of marketable securities etc.
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
expenses decrease owner's equity where as revenue increases owner's equity
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
Gross profit = sales revenue - cost of goods sold Operating Cash Flow = net income (after all expenses) + increase in operating liabilities (payables, etc) - increase in operating assets (receivables, inventory, etc)
Non-revenue generating support areas
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.