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Any accountants about - turnover question

28 replies

toppkatz · 19/01/2022 18:01

Hoping someone can help with this. I'm freelance and a distant friend of mine has approached me to help with her books as she's got in rather a mess. It's an MLM (yes I know!) and I need to get a few things straight in my mind before I go and have a look. What I really need to know is whether her turnover is the gross sales, or whether she is acting as an agent so to speak, and turnover is the commission earned on those sales. If anyone knows which, I'd be most grateful.

Thanks in advance Smile

OP posts:
toppkatz · 20/01/2022 14:44

@topcat2014 Watch this space Grin

OP posts:
WitchDancer · 20/01/2022 15:59

Just for information, a cost of sale is directly linked to the sales and therefore commission is one. It's not just for purchases for resale!

toppkatz · 20/01/2022 16:38

@WitchDancer

Just for information, a cost of sale is directly linked to the sales and therefore commission is one. It's not just for purchases for resale!
Commission paid is cost of sales.

Commission earned, as in this case, is revenue.

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