Revenue versus Proceeds

			
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			              Revenue versus Proceeds
Jeff Zhang, Accountant, China, Member
What's the difference between revenue and proceeds in accounting? In which conditions we use proceeds?
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			                  			Revenue and Proceeds

															gulandam, Student (University), Pakistan, Member
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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