Calculating Revenue Valparaiso 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

Steel City Home Improvement Company, Inc.
219-769-3002
6930 Broadway
Merrillville, IN
Global Alternative Energy Solutions
773-331-7865
1475 Aetna
Gary, IN
On Time! Done Right!
(219) 462-0400
Valparaiso, IN
C & J Development Inc
(219) 462-6576
273 S 150 E
Valparaiso, IN
Equity Builders
(219) 926-3905
Valparaiso, IN
Speciality Woodworks
(219) 531-5505
350 Campbell St
Valparaiso, IN
Building Dreams of Indiana Inc
(708) 418-8922
PO Box 274
Valparaiso, IN
Family Builders
(219) 759-6122
611 N 450 W
Valparaiso, IN
Eltreich Remodeling Service
(812) 424-2731
2541 N Red Bank Rd
Evansville, IN
Eisenhour Home Improvements
(574) 936-8564
14680 Lincoln Hwy
Plymouth, 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

Steel City Home Improvement Company, Inc.

219-769-3002
6930 Broadway
Merrillville, IN

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