Since the calculation of the profit of an enterprise refers to management accounting, and that, in turn, is not regulated by anyone, such a calculation is formed based on the needs of the management of an individual enterprise. Each company may have its own way of calculating profits.
Instructions
Step 1
Depending on the field of activity, it can be easier or more difficult to calculate the profit of an enterprise. So, if an enterprise is engaged in trade, then the calculation of profit for it will be easier than for an industrial enterprise. The universal calculation can be carried out by taking into account the number of assets at the beginning and end of the reporting period. To do this, you need to separately calculate the different types of assets. First, these are material values. These include materials not involved in the production of finished products, such as equipment and office equipment. This asset can be calculated as the difference between the receipt of materials at the enterprise and their write-off.
Step 2
Further, raw materials are considered, that is, materials necessary for the direct production of finished products. It is considered by removing the balances from warehouses and production. Count the finished products, cash on hand and in the firm's bank account. These are the main sources of profit for the enterprise.
Step 3
In addition, it is important not to forget about the money in the cash desk or on the account of the companies that are your partners, the loans you have issued, the accountable money and the debts of buyers. Right there, in order to calculate the profit of the enterprise, it is worth taking into account such an asset as debts to suppliers.
Step 4
So, after accounting and comparing all assets at the beginning and end of the period, you get the total profit of the enterprise. But the calculation does not always end there, sometimes we need to find out the balance sheet, gross, tax or net profit of the company. Most often, the managers and shareholders of the company are interested in the net profit. It is calculated by subtracting from the balance sheet profit, which is the total profit of the enterprise received for the period from all types of enterprise activities recorded in the balance sheet, taxes, fees, deductions and other mandatory payments to the budget.
