Service revenue

Service revenue is the sales reported by a business that relate to services provided to its customers. This revenue has usually already been billed, but it may be recognized even if unbilled, as long as the revenue has been earned. This revenue may be aggregated into a separate line item, which appears near the top of the income statement.

Service revenue does not include any income from the shipment of goods, nor does it include any interest income.

Related Courses

Accountants' Guidebook 
How to Audit Revenue  
Revenue Recognition