How does Inc. define revenue?
A. Inc. defines revenue as gross revenue, less returns and allowances, before any cost of goods sold. This is the same figure that you enter in Box 1c of your corporate income tax return. Revenue figures should be precise down to the dollar, if possible; otherwise, they should be rounded to the nearest hundred, or thousand at the greatest. If you do not have a final figure for your 2008 revenue at the time you apply, you may enter an estimate and give the more precise figure when you submit your backup. More on submitting revenue backup here.
