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The Payments report takes into account all payments that have been made in a given time period. This can include payments on future bookings or future purchases that were made in advance, or on late payments on outstanding balances.
The Revenue Report takes into account the amount of revenue accumulated for the various services purchased for the specified time period according to the invoicing date of the bookings (the invoices included in this amount may or may not have been paid for yet). Due to this, there may be a difference in amounts comparing the two reports.