Retail & profit

[Sammiec85]

Hi ,

I'm curious to know how you work out your daily incomings with profit you've made on products?
I know what profit I make but want to know do you add the profit you make to your weekly takings or keep it seperate ?

Thanks

 

[squidgernetball]

If you mean what I think you mean then your takings are just your takings, your expenses are your expenses and what's left is your profit.

Obviously you want to be sure that you're actually making a profit, although many businesses don't for the first year or two, and you would work that out in your costings. So a shellac would cost you xx amount and it takes you xx time and you want to earn xx per hour so you come up with what you charge your customer but that is just for you. You don't need to show it anywhere.

Vic x

 

[Sammiec85]

Thanks vic