Calculating Revenue Jamestown NY

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

Wright's Interiors & Exteriors
(845) 223-5906
Upton Rd
Lagrangeville, NY
Right Way Remodeling
(585) 381-7850
8 Oak Hill Ter
Penfield, NY
Peterbuilt Home Construction
(718) 740-4600
21610 77th Ave
Oakland Gardens, NY
King Brothers Building & Remodeling Inc
(518) 475-1442
60 Union Ave
Delmar, NY
Island Pro Contracting
(631) 422-7014
17 Dana Ln
West Islip, NY
Whitestone Contracting Associates Inc
(718) 352-3665
16660 20th Rd
Whitestone, NY
Artistic Renovation
(516) 883-8945
37 Orchard Beach Rd
Port Washington, NY
Coughlin Home Improvement
(914) 962-4089
364 Columbine Ct
Yorktown Heights, NY
New Design Remodeling Inc
(914) 664-1430
30 E 1st St
Mount Vernon, NY
Wallenbeck Painting & Staining
(607) 277-6249
5 Maxs Dr
Ithaca, NY


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

Galati Excavating, Inc.

(814) 368-6061
816 High Street
Bradford,, PA


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