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- To calculate business expenses, you can follow these steps12:
- Tally all of the expenses of your business on a regular basis. Daily is not too often if a longer cycle means that some payments will be forgotten.
- Record these expenditures in your accounting system (usually a paper ledger or computer software).
- Create a new expense entry to cover any additional expenses that are not covered in your monthly recurring expenses.
- Calculate net income by subtracting beginning equity from end equity.
- Calculate total expenses by subtracting net income from net revenue.
- If the result is positive, the revenue is more than expenses, making a profit.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Below is a simple way of calculating total expenses from revenue, owner's equity, and income: Net income = End equity - Beginning equity (from the balance sheet) Total Expenses = Net Revenue - Net Income If the result is positive, the revenue is more than expenses, making a profit.www.paddle.com/resources/total-expensesHow to Calculate Business Expenses
- 1. Tally all of the expenses of your business on a regular basis. Daily is not too often if a longer cycle means that some payments will be forgotten. ...
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