Calculating Revenue Nevada

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

Aussie Robs Marble & Granite
(702) 556-9156
Las Vegas, NV
BGLV, Co.
(702)7685154
2667 Ridgewater Cir
Henderson, NV
Rice Construction
(702)5655551
1440 Athol Ave
Henderson, NV
R. A. Armfield, Inc.
(702)5582196
471 Annapolis Cir
Henderson, NV
Sun West Homes
(702) 3638060
2575 Montessouri St Ste 200
Las Vegas, NV
A B Plastering
(775) 867-3508
Fallon, NV
Gibford Construction
(702) 656-0764
7501 W Lake Mead Blvd Ste 103
Las Vegas, NV
Rlb International Construction
(702) 896-9671
9814 Frosty Canyon Ct
Las Vegas, NV
Kalb Industries of Nevada Ltd
(702) 365-5252
5670 Wynn Rd
Las Vegas, NV
Slack Elwin C Construction Inc
(702) 647-4885
708 Clarkway Dr
Las Vegas, NV


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

Aussie Robs Marble & Granite

(702) 556-9156
Las Vegas, NV

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