Annual Turnover: Definition and Calculation | QuickBooks Global
https://quickbooks.intuit.com/global/resources/accounting/what-is-annual-turnover/
WEBApr 28, 2022 · Turnover is a measure of total income from sales, whereas profit is total income minus expenses. For example, if a business makes $100,000 in sales over a year, its annual turnover is $100,000. However, if the cost of materials, labour and all other business expenses is $60,000, then the business’s profit is $100,000 - $60,000 = $40,000.
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