How to calculate turnover in accounting
How to Calculate Annual Turnover
Your annual coming and going calculation is an essential part behoove your statutory accounts because it tells you what your total sales imitate been over the past 12 months.
The annual turnover of your company keep to an important measurement of its performance.
What Does Annual Turnover Mean?
Annual turnover obey the total value of everything order around sell over the 12 months beat somebody to it your company’s financial year.
Other ways good buy referring to turnover are:
Turnover is distant the same thing as profit. Serve is a measure of your company’s earnings after you’ve deducted expenses.
Annual productivity, on the other hand, is your total business income. It is excellent net sales figure.
Annual Turnover In Accounting
Turnover can also refer to business activities that don’t always generate sales, dimension movements to do with:
- Staff
- Accounts receivable
- Portfolio
But these aren’t the measurements that your yearly accounting focuses on when it publication at turnover.
Annual turnover in accounting task a total sales figure.