Legal Definitions - current revenue

Current Revenue refers to the total income or earnings that an individual, business, or organization generates from its primary operations and other sources within a specific, ongoing accounting period, such as a fiscal quarter or year. It represents the money received or earned from regular activities before deducting expenses.

Here are some examples illustrating current revenue:

• Example 1: A Retail Business

  A small clothing boutique sells apparel and accessories to customers. Over the course of a single business quarter (three months), the total amount of money collected from all sales of clothing, jewelry, and other items, as well as any gift card redemptions, represents the boutique's current revenue for that quarter.

  This illustrates current revenue because it is the income generated directly from the boutique's core business operations—selling goods—within the specified current accounting period.

• Example 2: A Municipal Government

  A city government collects various forms of income, including property taxes from residents, sales tax revenue from local businesses, fees for public services like water and sanitation, and fines for traffic violations. The sum of all these funds collected by the city during its current fiscal year constitutes its current revenue for that year.

  This demonstrates current revenue as it encompasses the financial resources the city acquires from its regular governmental functions and services within its ongoing annual budget cycle.

• Example 3: A Professional Services Firm

  A law firm provides legal advice and representation to clients. In a given month, the firm bills clients for hours worked on cases, consultation fees, and retainer payments. The total amount of money earned and received from these client services during that month is the firm's current revenue.

  Here, current revenue reflects the income generated from the firm's primary professional activities—providing legal services—within the present reporting period.