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Maria Coggle 29062023 - Coggle Diagram
Maria Coggle 29062023
P & L
Turnover - everything we have sols
Cost of Sales - this is what we need to operate the business. What we need to make a sale.
Turnover - Cost of Sales = Gross Profit
Depreciation
Value goes down
Deprciation rate is set by accountant
Intangible assets
Can't see
How many contracts do we have? They add value to the business
Goodwill
Reputation
CRM
Statement
Top level
Balance Sheet
Tax paid
Asset register
Anything more £1,000
Turnover
Year End Accounts - Financial Statment. Done by Accountant.
Coporation Tax paid before dividents paid out
EBITA
Dont take more money out from the profits
Once a quarter. Dividend. Profit to cover the dividends
Dont take out more than £50 grand otherwise we have to pay higher tax
Net - whats left
Debtors looks bad if the number is high
10 hours
Cash in the bank - exactly what we have
Businesses dont have to pay for the debt
Average for three years businesses looke at
Break Even - not making profit
Sell more with less cost
Reduce costs ASAP