Explaining gross profit is my mission this week. Gross profit is the amount of money you make after subtracting the cost of goods sold from your total revenue. This number tells you how much money is left over after you’ve covered the costs associated with making and selling your products or services.
Check out last weeks podcast and video looked at Operating profit. This is the amount of money you earn after all expenses have been taken into account. It’s what’s left over after you’ve paid for everything your business needs, from labour and materials to rent and marketing.
Many businesses want to ensure they are making a profit, but don’t know where to start. This FREE profit calculator shows you exactly what your gross profit is right now. With this information, you can make informed decisions about where your business should go next. Use this calculator to find out if you’re making a profit and how much money you could be making!
Good to know
Are you ready to have an easier and more rewarding relationship with your numbers? My book, I Hate Numbers helps you get there.
This book is based on my 27 + years in business, helping thousands of businesses survive and prosper. It is an easy, humorous but serious read about running a business, having a financially rewarding relationship with your numbers, Furthermore, my book will help with that battle between the ears, that all business owners experience.
Get in touch with us to help make your life easier and stress-free. Contact us if you need help figuring out and sorting your numbers, creating your future financial story plans, your tax, payroll and other accounting and business matters