Revenue system

A revenue system refers to the methods and processes by which a government or organization collects income, usually through taxes, fees, or sales. This income is essential for funding public services like healthcare, education, and infrastructure. In a broader sense, a revenue system can also apply to businesses that generate income through sales, services, or investments. Effective revenue systems ensure a steady flow of funds, helping to support operations and achieve strategic goals, while balancing fairness and efficiency in collection processes.