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Sales Revenue

by Online Tutorial & Training Guide | Jan 13, 2026 | Chart of Accounts, Income, Terminologies

Income from selling goods or services. It is the primary revenue stream for most companies. Recorded net of returns and discounts.

Gain on Sale of Assets

by Online Tutorial & Training Guide | Jan 10, 2026 | Chart of Accounts, Income, Terminologies

Profit realized when selling fixed assets at a price higher than book value. It is recorded as income separate from regular sales. Helps reflect capital gains in operations.

Franchise Fees Income

by Online Tutorial & Training Guide | Dec 11, 2025 | Chart of Accounts, Income, Terminologies

Revenue earned by granting franchise rights. May include upfront fees and ongoing royalties. A key revenue account for franchisors.

Interest Income

by Online Tutorial & Training Guide | Nov 6, 2025 | Chart of Accounts, Income, Terminologies

Earnings from investments, bank deposits, or loans. Provides passive income outside main operations. Recorded when earned, not necessarily received.

Royalty Income

by Online Tutorial & Training Guide | Nov 4, 2025 | Chart of Accounts, Income, Terminologies

Earnings from allowing others to use intellectual property like patents, copyrights, or trademarks. Provides passive income streams. Recognized per contract terms.
  • Estimate/Quotation Module
  • Subcontractor Expense
  • Solvency
  • Sales Revenue
  • Interest Expense
  • Gain on Sale of Assets
  • Entertainment Expense
  • Variance Analysis
  • Taxes and Licenses Expense
  • Depreciation Expense

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