Purposes of the revenue cycle include not only reporting, but also the facilitation and control of certain business activities.

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The revenue cycle involves activities such as sales order processing, credit approval, invoicing, cash receipt processing, and customer account management. Its main purpose is to generate revenue, but it also serves to facilitate and control these business activities. Reporting is an important component of the revenue cycle, but it is not the only purpose.

Purposes of the Revenue Cycle Include Not Only Reporting, but Also