How To Find Profit From Sales

Table of contents:

How To Find Profit From Sales
How To Find Profit From Sales

Video: How To Find Profit From Sales

Video: How To Find Profit From Sales
Video: how to calculate profit on sales 2024, March
Anonim

In a market economy, the functioning of any enterprise of production and economic activity is reduced to one goal - making a profit. By making a profit, an enterprise can not only function, but also expand its production activities.

How to find profit from sales
How to find profit from sales

Instructions

Step 1

Profit from sales refers to the difference between the proceeds from the sale and the cost of production. Sales revenue includes all cash receipts from product sales. The cost of production can otherwise be called the cost of producing goods.

Step 2

The following factors should be identified that affect the size of the profit from sales. These include: • an increase in the volume of sales of goods or sales of services;

• variety of product range;

• reducing the cost of production;

• change in the price of products.

Step 3

Usually gross profit and net profit are found. Gross profit is all income from the sale of products or the sale of services. Net profit remains after all costs are deducted from gross profit and taxes are paid. In a word, the indicator of net profit is the result of the final activity of the enterprise.

Step 4

In order to find a profit from the sale of a product or service, you first need to find the gross profit. To do this, you need to know the implementation, or in other words, the total amount from sales. This amount is taken from the table "Sales of goods and services" in the external report of profit from sales in the 1C Accounting program.

Step 5

We find the cost of production. The cost price is taken from the postings to the 41st account of the same report.

Step 6

We calculate the gross profit. To do this, subtract the cost of production from the sales amount.

Step 7

Having determined the gross profit, you can calculate the profit from the sale of products. To do this, you should find the management costs. This amount is reflected in line 040 of the section "Income and expenses from ordinary activities" of the income statement. In the same section of the profit and loss statement, we find the selling expenses, which are reflected in line 030.

Step 8

Subtract business and management costs from gross profit. The result obtained is the profit from the sale of products.

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