What is Revenue vs Funds Received

Total Revenue and Funds Received are two labels that you will see in Venue Sumo's reporting platform.

Here's how they differ:

Total Revenue

Definition: The total income earned by a venue from its core operations, such as selling goods or services, during a specific period.

When Recognised: Revenue is recognized when it is earned, regardless of when the money is actually received.

• Example:

  If a venue invoices a customer for a $100 session during the month, that $100 counts toward Total Revenue, even if the customer hasn’t paid yet.

  
  

  If a venue sells a customer a $200 gift card during the month, $0 counts toward Total Revenue

Funds Received

Definition: The actual cash or money collected by the business, either immediately or eventually, regardless of when the revenue was earned.

When Recognized: Recognized when payment is received (cash basis).

• Example: If a venue receives $500 in payments this month, regardless of whether they relate to invoices from this month, next month or earlier, the $500 counts as Funds Received.