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What is a Sales Funnel? The definition of the sales funnel (also known as a revenue funnel or sales process) refers to the buying process that companies lead customers through when purchasing products. A sales funnel is divided into several steps, which differ depending on the particular sales model. One common sales process is divided into seven phases including:
An account that temporarily holds costs until these costs can be moved elsewhere. For example, a clearing account to hold monies and costs while completing year-end fiscal calculations used by a firm. When the firm has finished its processing, having placed monies and costs in the clearing account, the firm can then move the total amount to the firm's net earnings. How To Calculate 263A.