Revenue versus Proceeds

      
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			            	Jeff Zhang
Accountant, China
			            
Revenue versus Proceeds

	          		What's the difference between revenue and proceeds in accounting? In which conditions we use proceeds?

Thanks for your advice...
				      
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						            	gulandam
												
				                Revenue and Proceeds

														Revenue is the income received by an organization from all of its activities. If the organization is a country or state, then revenue is from taxes.

Proceeds is money obtained from specific events or activities, such as selling. Proceeds may be 'gross' -- before your expenses -- or 'net' -- after paying your expenses.
				                
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