Turnover
Turnover, commonly known as revenue, is the amount of money made by a company in a particular time period through its standard business activities. Money taken in from other, non-core activities (e.g. land rental) is often recorded as non-operating revenue. In non-profit organizations and charities, turnover is often called gross receipts.
Turnover differs from profit, which is turnover minus expenditure.
Most businesses – large and small – will get asked what their turnover is by several people, from investors to insurers. For instance, if you start building a business insurance quote with Superscript, they will ask you what your annual turnover is so that they can work out the right level of cover for you.
