What is turnover

Turnover is all the income generated by a company over a specific period. It is a vital financial term and includes cash sales, invoiced goods and services, and other income.

In simple terms, turnover is the total sales a business makes during a specific time, counting both what’s been paid for and what’s still waiting for payment.

Turnover – expenses = Profit

For most companies, turnover can vary from month to month. Some businesses have a steady turnover all year, while others might see higher sales during specific seasons.

To figure out profit, subtract all the costs from the turnover. Profit is what’s left after accounting for all the expenses.

Tracking turnover with Conta

Conta is a simple-to-use, online invoicing software that allows small business owners to generate an unlimited number of free invoices.

Within the Conta dashboard, users can seamlessly monitor the volume of invoices dispatched within a specified timeframe, along with the cumulative amount. Additionally, it provides a user-friendly interface to efficiently manage and track the payment status of each invoice, facilitating the ease of sending payment reminders to tardy payers.