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Calculating Revenue Georgia

What was your total revenue last year? It's a simple question, but you'd be surprised how different the answers can be. To establish meaningful benchmarks it's important to always compare apples to apples — or at least red apples to green apples instead of some other fruit. That means agreeing on the definitions of terms like “revenue.”

Local Companies

Robbins Drywall
478-338-2823
Macon, GA

Prodigy Enterprise
404-918-5955
Cumming
Cumming, GA

FERNELL .INC
678-2018944
4177
ATLANTA, GA

Remodeler Connection
404-725-1494
1109 Cobb Parkway
Marietta, GA

Corporate Environments
404-679-8969
1636 N.E. Expressway
Atlanta, GA

Campbell"s Contracting Co.
404-966-4380
4069 Deerwood pkwy
Smyrna, GA

Shower Doors of Houston
404-348-2388
1234 Technology
Norcross, GA

Colonial Craftsmen Construction, Inc.
404-723-8062
1069 Falconcrest Dr
Lawrenceville, GA

DSN'S CONSTRUCTION, INC
678-758-5498
414 ELDER ST
FAIRBURN, GA

AUSTIN CONSTRUCTION COMPANY
678-886-1709
675 LOOKOUT COURT
LAWRENCEVILLE, GA

What was your total revenue in recent years? It's a simple question, but you'd be surprised how different the answers can be. Because this department in the magazine is concerned with measurement against standards, it's important that we're always comparing apples to apples — or at least red apples to green apples instead of some other fruit. That means agreeing on what we mean by terms like “revenue.”

And, by the way, we're talking here about revenue calculations for management purposes, not for tax preparation. There are perfectly legal tactics (and plenty of illegal ones as well) that you can use to manipulate revenue to reduce taxes, but they are counterproductive if they fool you into thinking that your business is healthier than it actually is.

CASH

Most small businesses running out of a check-book use a cash system. This doesn't mean that you are literally getting paid in greenbacks; it means that revenue is recognized whenever money is deposited, whether it's cash, check, or money order. Annual revenue is simply the sum of all these deposits from the first to the last day of the fiscal year.

Easy, yes, but it can get sticky if there are other sources of revenue besides remodeling. These should be subtracted from the total to give a true picture of remodeling revenue.

Click here to read full article from Remodeling

Featured Local Company

Robbins Drywall

478-338-2823
Macon, GA

Read more about Calculating Revenue

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Regional Articles

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While you might assume any mutual fund investor should use Quicken's mutual fund record-keeping tools, that isn't the case. But actually what is the answer? Read the article and get the answer.

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