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Contents
- Operating practices
- Jargon and special features
- Sales mix
- Seasonality
- Factors affecting sales
- Prime records
- Customers, terms offered
- Suppliers, terms obtained
- Trade specific legislation
- General legislation
- Health and safety legislation
- Employment legislation
- Licensing requirements
- Sources of further information
Focus on "Takings Recomputation"
All figures must be net of VAT if the accounts are drawn up net of VAT
Price |
||
| Sale of services | £ | £ |
| Proprietor's tips | £ | |
| Retail sales | £ | £ |
| Chair rentals | £ | |
| TOTALS | £ | £ |
| Add cost of: | ||
|
£ | |
|
£ | |
| Total Cost & Takings in the trial month |  |
£ |
| Cost | |
|
| Gross profit (Takings less cost) | £ | |
| Mark up rate | % | |
| Cost of Goods Sold (CoGS) for the year/period | £ | |
| Recomputed Takings (CoGS times [100 + mark up rate]) | £ | |
| Plus income for the year/period from : | ||
|
£ | |
| Recomputed Takings | £ | |
Compare the recomputed Takings with the Takings shown by the accounts; remember to add any own goods adjustment to the accounts figure if it is not already included as the recomputed Takings will include the correct adjustment since all the purchases have been marked up at retail prices except for Trade sales.
Check the Private Use adjustments