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9 December, 20:33

How is profit figured out

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  1. 9 December, 21:12
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    1) First step is to figure out how much your business has made in the time period you are searching for (month, Quarter, Annual)

    Add up your sales.

    Make sure you subtract any refunds or returns in funds

    2) Calculate your expenses for the business. Depending on the type of business you are running depends on your expenses. This includes Payroll, Utilities and Rent

    3) Subtract your expenses from your Income

    For example. Your business made $10,000 but your expenses is $5,000 that would leave you with $5,000

    4) That is your Profit amount

    *Keep in mind that a negitive value for profit is called a "net loss"
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