The total income generated by a company's business activities before any costs are deducted. Also called turnover, and the top line of the income statement.
Revenue matters beyond performance measurement, because several Swiss obligations are keyed to it: VAT registration from CHF 100,000 of worldwide taxable turnover, full double-entry accounting above CHF 500,000 for sole proprietorships and partnerships, and eligibility for the net tax rate method up to CHF 5,024,000 including VAT.
Revenue is recorded net of VAT, since VAT collected is owed to the ESTV rather than earned.
