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Are 'revenue' and 'net sale' the same thing?
Net sales and revenues are important in the business community. Both are needed for a business to succeed. However, they are not the same thing. Sales lead to revenue.
Is gross receipts before deductions the same as total income?
Generally, no. Gross receipts are proceeds from sales, service contracts or the company's main revenue stream. Total income from all sources may include collected interest, royalties, or dividends from subsidiaries, which are not directly related to the company's main business.
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
Does gross billing and net receipts mean the same thing?
No. Gross billing is the number of units sold multiplied by the cost of that item/s. Net reciepts are the gross billing plus returns, thereby potentially reducing the gross total.
Is sales and total operating revenue the same thing?
Sales is the amount received from selling the goods while total operating revenue is the revenue which is earn only through basic business operating activity.
Why would you need a tax ID number?
If you start a business you need one, wholesalers require one and it helps you keep track of your books, taxes, receipts, etc., but mostly for buying wholesale then selling retail. The Tax ID is virtually the same thing as your own SS number... it is what identifies and locates the entity for government purposes. It doesn't in itself do much, but it is needed to get the licenses and approvals to run the business. States, which handle the sales taxes, frequently have Tax Ids different than Federal.
How do you find out if a business has a license?
Business licenses are obtained from the State where the business is located. Most states have online business license searches available. Using the free website "Business License Records Resources" you can check your specific state for an online search link for "Business Licenses." If there isn't a link, you can also access the State's main website from the same site.
Are 'revenue' and 'net sale' the same thing?
Net sales and revenues are important in the business community. Both are needed for a business to succeed. However, they are not the same thing. Sales lead to revenue.
What cities require a business license?
Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government. A single jurisdiction often requires multiple licenses that are issued by multiple government departments and agencies. Business licenses vary between countries, states, and local municipalities. There are often many licenses, registrations and certifications required to conduct a business in a single location. Business registration is required by most jurisdictions. A business license can be a business registration, but many jurisdictions require further licenses beyond registration. The business activity and physical location (address) determines most license requirements. Other determining factors may include the number of employees and the form of business ownership, such as sole proprietor or corporation. Incorporation is not the same legal process as being licensed to do business. Government agencies can fine or close a business operating without the required business licenses. The Small Business Administration has a list of links to State websites for State licensing requirementSource: Wikipedia The Secretary of State in your state has information on business forms, how and where to file for these forms, including LLCs and Corporations. All corporations must register with a secretary of state. Where and how you do business affects what state you should seek incorporation from.State Business Licenses - The state you live in may require a business license for tax purposes and to regulate how you are permitted to conduct your business. State licenses are required for many professions and trades including contractors, medical professionals, accountants, real estate agents, private security guards, and cosmetologists.
What is another name for a business making money?
Viable business or thriving business. Both mean about the same thing. A business in good shape..
Is gross receipts before deductions the same as total income?
Generally, no. Gross receipts are proceeds from sales, service contracts or the company's main revenue stream. Total income from all sources may include collected interest, royalties, or dividends from subsidiaries, which are not directly related to the company's main business.
How do you get a license for massage parlor?
The term "massage parlor" is generally linked to the word "prostitution". The question then is: does your municipality offer licenses for prostitution? If you mean a legitimate massage business, then you simply need a business license, the same as any other business person in your city.
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
Are marriage licenses and marriage certificates regarded as the same thing in South Africa?
No. A marriage license is granted by the state while the certificate is granted by the religious authority.
Were they the same as the signatures on the original receipts in the westing games?
Yes they are and they will always be
Can you have two driver's licenses at the same time?
Not legally.
Is a master degree in business and a master degree in admin the same thing?
8 years
