Calculating Revenue Huntington IN

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

Clark Construction
(574) 674-5875
10616 Edison Rd
Osceola, IN
Birkmeier Renovation Inc
(260) 745-1999
4404 Beaver Ave
Fort Wayne, IN
Homeworks Remodeling
(765) 662-8582
1526 W 2nd St
Marion, IN
A Bath Pro
(317) 255-5552
7551 Mohawk Ln
Indianapolis, IN
Hometown Remodeling Inc
(574) 259-9470
55071 Willow Creek Dr
Mishawaka, IN
Ronko Construction
(260) 486-3481
5808 Andorra Dr
Fort Wayne, IN
Insulation Supply Co
(812) 448-2764
Brazil, IN
A-1 Builders
(574) 251-0250
915 Canterbury Dr
South Bend, IN
Prevailing Power Construction Inc
(317) 566-9945
11227 Moss Dr
Carmel, IN
M & M Construction
(260) 728-2682
252 E Monroe St
Decatur, IN


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

SH&S

2604204559
1702 E. Wayne St.
Fort Wayne, IN

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