the auditors are asking for the supplier turnover amount. Is this the invoice totals for the period or both invoices and credits?
2006-07-25 05:16:13 · 7 answers · asked by itsme 3 in Business & Finance ➔ Other - Business & Finance
Just the total of all the invoices less any credit notes that relate to the invoices in that period.
The auditors are trying to see who has most business activity from you and the period end balance doesn;t tell them that, it only tells them how much you owe.
2006-07-25 10:54:51 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Not sure why they are asking for suppliers turnover, maybe a bad choice of words on their part.
if you ran a sandwich shop and put all the money you made in the bank and did not pay any bills or wages, the amount you have in the back would be your annual turnover
2006-07-25 05:24:30 · answer #2 · answered by seanog2ie 2 · 1⤊ 0⤋
the turnover is how much money goes through them, without taking anything out, so if the company gets £15000 from sales in a month thats the turnover for that month, although they are yearly as well
2006-07-25 05:20:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
turnover is the amount of money coming in at the end of a certain period of time.
2006-07-25 06:08:03 · answer #4 · answered by motown 5 · 0⤊ 0⤋
turnover is the total invoiced for the period without subtracting any costs.
Eg you sell 100,000 pounds worth of product which costs you 80,000. the turnover is 100,000 while the profit is 100,000 - 80,000 = 20,000
2006-07-25 05:22:02 · answer #5 · answered by esteban 3 · 0⤊ 0⤋
for the period.
2006-07-25 05:19:49 · answer #6 · answered by kenfitameen 3 · 0⤊ 0⤋
what is currency turn over
2013-12-20 22:36:11 · answer #7 · answered by A 1 · 0⤊ 0⤋