Bookkeeping Services in Cincinnati. Services fall under the two major categories of the Income Statement in accounting:

Revenue (when your business sells a service)

Expense (when your business buys a service from another company)

These categories help determine a company’s profitability over a period of time.

💰 When Your Business Sells a Service (Income)

When your business performs a service for a client and earns money, it is classified as a type of Revenue.