Turnover refers to net or gross income

Turnover below 20,000 yuan is tax-exempt, and the turnover here is gross income. It is income without deducting any costs and expenses, but excluding VAT.

Revenue - Cost = Gross Profit.

But not gross income. Gross profit is not gross income. For business tax, it is called turnover, and for VAT, it is called sales. Turnover is the operating income.

It is tax-included. Sales are sales revenue.

Conversion, that is, excluding tax, so turnover or sales is not gross profit, nor is it pure profit. It is the sum of cost, gross profit.

Extended information] net income is the gross income minus the remaining income, this expenditure includes, depreciation, retention, welfare, dividends, interest and other expenses, of course, special accounts have their specific algorithms, such as non-** accounts, such as a minority, can not be calculated. Gross revenue refers to the income from the main business.

Only the cost of the main business is reduced.

Look at the profitability of the main business items. Net profit is the profit after tax of all gains and losses. See how much money is really made.

Turnover refers to all the prices and off-price expenses charged by taxpayers to the other party for raising tax on labor services, transferring intangible assets or selling immovable property.

Out-of-the-money fees include handling fees, **, fund-raising fees, collection of funds, advances and other off-price charges of various natures charged to the other party. The turnover of transport and logistics enterprises engaged in intermodal transport business is the actual turnover obtained. The commonly used turnover formulas are:

Turnover Number of transactions = average transaction unit price, Turnover Number of sales = average unit price of products.

Turnover is also called"Running water", that is, only the total amount of your product or commodity in the transaction, this indicator does not remove the cost of purchase or raw materials. The turnover in construction and installation projects refers to all the income collected from construction, installation, repair, decoration and other engineering operations, and also includes the price of raw materials and other materials and power used in construction, repair and decoration projects, and also includes the price of installation equipment when the value of installation equipment is used as the output value of installation projects. However, if the general contractor of the construction industry subcontracts or subcontracts the project to others, its turnover does not include the price paid to the subcontractor or subcontractor.

Turnover is the total amount of income realized from the sale of goods or the provision of services in a certain period, which is simply the gross income.

Turnover refers to gross revenue, as it also includes costs, expenses, etc.

Of course not, the selling price of each item adds up to the turnover

Turnover refers to gross revenue.

Turnover is not operating income. Turnover and operating income are two different concepts, turnover refers to all the prices and off-price expenses charged to the other party for taxpayers to raise tax services, transfer intangible assets or sell immovable property, and operating income refers to the total inflow of economic interests formed in the course of daily business operations such as selling goods, providing labor services and transferring the right to use assets.

Operating income may cause an increase in owners' equity in accounting, which may be manifested as an increase in assets or a decrease in liabilities, or both, and the inflow of income-related economic benefits should lead to an increase in owners' equity, and the inflow of economic benefits that do not lead to an increase in owners' equity does not meet the definition of income and should not be recognized as macro income. Income only includes the inflow of the company's economic agency interests, so it should not include payments collected for third parties or customers, income is the total inflow of economic benefits that are not related to the owner's capital investment, and income should lead to the inflow of economic benefits, which leads to an increase in assets.

Legal basisArticle 9 of the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China.

The calculation of the taxable income of an enterprise is based on the principle of accrual accounting, which belongs to the income and expenses of the current period, regardless of whether the payment is received or paid, and is regarded as the income and expenses of the current period; Income and expenses that do not belong to the current period, even if the money has been received and paid in the current period, are not included as income and expenses for the current period. Except as otherwise provided by these Regulations and the competent financial and taxation authorities.

Total operating income refers to the total inflow of economic benefits formed by an enterprise in the course of its daily business operations, such as selling goods, providing labor services, and transferring the right to use assets. Divided into:Main business incomeand other business income.

Calculate operating income.

Main business income + other business income or operating income = product sales volume (or service volume) * product unit price (or service unit price) Sales revenue of main and by-products (or different grades of products).

should be fully included in the operating income; Income from different types of services provided should also be included in operating income.

Income classification. 1. According to the nature of the daily activities of the enterprise, the income is divided into income from the sale of goods, income from the provision of labor services and income from the transfer of the right to use assets.

Note: Income from the transfer of the right to use assets includes interest income and royalty income.

The enterprise leases out fixed assets.

Rent received, interest received on debt investments, cash dividends received from equity investments.

and so on, which also constitute income from the transfer of the right to use assets.

2. The income is divided into main business income and other business income according to the priority of the enterprise's business.

1) The main business income realized by the enterprise is accounted for through the "main business income".

The specific differences between net income, gross income and net income are as follows:

1. Net income, the income remaining after the gross income minus various expenses, this expenditure includes, depreciation, retention, welfare, dividends, interest and other expenses, of course, special accounts have their specific algorithms, such as non-** accounts, such as non-** accounts, such as a minority, can not be calculated;

2. Gross income refers to the main business income minus the cost of the main business. Look at the profitability of the main business items. Net profit is the profit after tax of all gains and losses.

3. Net income refers to the net income (total profit) retained by the company after the income tax is paid according to the regulations.

The income tax rate of enterprises is statutory, and the higher the income tax rate, the less net profit.

Dividends, i.e. the interest of **, refers to the income of the joint-stock company from the after-tax profits withdrawn from the provident fund and the community chest according to the dividend rate according to the dividend rate. Although dividends are also the return that the company distributes to shareholders, they differ from dividends in that the interest rate on dividends is fixed, while the amount of dividends is usually indefinite and fluctuates with the amount of the company's distributable earnings each year. Therefore, some people refer to the earnings of common shares as dividends, while dividends refer specifically to the earnings of preferred shares.

Dividends are the remaining profits distributed to shareholders in proportion to their shareholdings after the dividends are paid by the listed company. Obtaining dividends and bonuses is the basic purpose of shareholders investing in listed companies, and it is also the basic economic right of shareholders. Dividends and bonuses together are called dividends.

Net profit refers to the total profit of the enterprise in the current period minus the amount of income tax, that is, the after-tax profit of the enterprise. Income tax refers to the tax calculated and paid to the state by the enterprise on the total amount of profits realized in accordance with the standards stipulated in the income tax law. It is a deduction item from the total profit of the enterprise.

It refers to the company's profit retention after paying income tax in accordance with the provisions in the total profit, which is also known as after-tax profit or net profit. The amount of net profit depends on two factors, one is the total profit, and the other is the income tax expense.

Turnover, also known as operating income and revenue, is a commercial accounting word, which refers to the income obtained by the company due to normal business activities, usually through the provision of products and services; The interest and royalties generated by the company's cash deposited with banks are usually included in the turnover. Usually the turnover is the company's revenue measured in monetary terms over a certain period of time.

Operating income includes main business income and other business income. The main business income refers to the income generated by the recurring and main business of the enterprise. For example, the income from the sale of products, semi-finished products and the provision of industrial labor services in the manufacturing industry; the income from the sale of commodities by commodity circulation enterprises; Ticket revenue, customer revenue, catering revenue, etc. in the tourism service industry.

The main business income accounts for a large proportion of the company's income, and it has a decisive impact on the economic benefits of the enterprise.

Other business income refers to business income other than the above-mentioned main business income. Including material sales, purchased goods sales, waste materials sales, scrap sales, labor operation income, real estate development income, consulting income, guarantee income and other business income. Other business income accounts for a small proportion of the company's income.

The scope of income is wider than that of turnover, and income includes the content of turnover; Turnover is the amount of money sold and collected by consumers.

1) Income is generally formed in daily business activities. Day-to-day activities refer to the regular activities and activities related to which an enterprise engages in to accomplish its business objectives.

2) Income in accounting may cause an increase in the owner's equity. This may manifest itself in an increase in assets or a decrease in liabilities, or both, i.e., an increase in owners' equity. The inflow of economic benefits related to income should result in an increase in owners' equity, and the flow of economic benefits that do not result in an increase in owners' equity does not meet the definition of income and should not be recognized as income.

3) Income only includes the inflow of the company's economic travel and early profits, so it should not include the money collected for third parties or customers.

4) Income is the total inflow of economic benefits that are not related to the capital invested by the owner. Income should lead to an inflow of economic benefits, which in turn leads to an increase in assets.

The turnover is the full price and off-price expenses charged by the taxpayer for raising tax on labor services, transferring intangible assets or selling immovable property.