When load shedding first started, many years ago, we never imagined that it would become part of our daily life. It has become normal to
Net Profit % before/after Tax = Net Profit before or after Tax /Sales Net Profit % before/after Tax shows the profit per R1 of sales
Gross Profit % is also known as Gross Margin % Gross Profit % = Gross Profit / Sales Higher the gross profit %, higher the
Gross Profit Less Operating Expenses = Net profit before tax Less Tax = Net Profit after tax Net Profit shows the profit, after all expenses,
Sales Less Cost of Sales = Gross Profit Gross Profit excludes operating expenses, interest and taxation Gross Profit shows the profit after deducting direct costs
Break Even Break Even is point where sales – expenses = 0 It is calculated in units & R. It can take months or years
Output VAT If your business is registered for VAT, you will charge VAT on the sale of products and services Output VAT = Sales *
Income received in advance Income is received before the business has delivered the product or service for the benefit of customer Income received in advance
Sales Budget shows estimated sales for the budgeted period. It is allocated per business unit, person, area or similar basis The Budgeted period could be
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