Calculating Revenue Greensburg PA

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

Century Construction
724-542-7245
126 South Church Street
Mt. Pleasant, PA
Rusch Garage Door
412-793-5026
9227 Saltsburg Rd
Pittsburgh, PA
Age Craft Manufacturing
(724) 838-5580
45 Madison Ave
Greensburg, PA
D & G Electrical Contractors
(724) 837-3189
700 Hidden Trl
Greensburg, PA
Voll Electric
(724) 836-8442
Greensburg, PA
Zona Construction & Remodeling Inc
(724) 837-6001
Greensburg, PA
Contract Builders Inc
(724) 832-7300
1148 Chapel Dr
Greensburg, PA
Rampart Security Systems
(724) 836-0900
135 Tollgate Hill Rd
Greensburg, PA
Ryall Construction
(724) 837-1788
RR 8
Greensburg, PA
Edwards W S Building Systems Inc
(724) 834-8800
Greensburg, PA


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

Century Construction

724-542-7245
126 South Church Street
Mt. Pleasant, PA

Related Local Events
Pittsburgh Remodeling Expo
Dates: 1/8/2010 - 1/10/2010
Location: David L. Lawrence Convention Center
Pittsburgh, PA
View Details

Pittsburgh Indoor-Outdoor Home Show
Dates: 1/28/2010 - 1/31/2010
Location: Monroeville Convention Center, Monroeville
Monroeville, PA
View Details

2009 Home Show
Dates: 11/1/2009 - 11/1/2009
Location: Frank J. Pasquerilla Conference Center
Johnstown, PA
View Details

2009 Home Show
Dates: 10/31/2009 - 10/31/2009
Location: Frank J. Pasquerilla Conference Center
Johnstown, PA
View Details

2009 Home Show
Dates: 10/30/2009 - 10/30/2009
Location: Frank J. Pasquerilla Conference Center
Johnstown, PA
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History