What is Net Revenue? 🤔
Net Revenue is money in the bank, so to speak. It shows you how much money you were paid, broken out by day.
How is it calculated? 🤷♀️
Our formula is simple:
Gross Volume (Recurring and Non-recurring) - Refunds = Net Revenue
How are refunds handled?
We record all charges and adjustments, including refunds, on the day they are posted. This means if a refund is issued today for a charge from last month, it affects today's net revenue, not the previous month's. This approach keeps each month's total stable and unchanged after the month ends, ensuring a consistent overview.
What about fees?
Baremetrics does not remove fees from Net Revenue. Instead, fees can be viewed separately in the fees metric.
How is Net Revenue different from MRR? 📢
Non-monthly plans are not normalized. So if you have a $1,200/year signup, that revenue will show up in Net Revenue as "$1,200".
Non-recurring charges are included.
Looking for Traditional Accounting Revenue?
If you need traditional 'Accounting Revenue' figures as seen in conventional Profit and Loss (P&L) statements, Baremetrics offers a solution with Forecast+. This tool integrates with Xero and Quickbooks and allows you to view your financials in a format familiar to those used in traditional accounting, providing a comprehensive and compliant financial overview for your business.
Why is my Net Revenue different from Stripe? 💵
Stripe doesn't account for refunds. Also, we report in UTC, whereas your Stripe dashboard may be localized to your time zone. This means we may report revenue on a different day than Stripe.