FIGURE3 relates to a small cafe business.
FIGURE3 The revenue of a cafe business over a seven-day period
Receipt no.
Cash sales ($)
EFTPOS sales ($)
Other receipts ($)
Total revenue 1090.00 120.00 880.00 1030.00 100.00 1060.00 950.00 960.00
Date
Details
Jan3
Sales
460.00
630.00
Refund-ACafe
0003
120.00
Jan4
Sales Sales
340.00 440.00
540.00 590.00
Jan5
Soft drink machine sales
0004
100.00
Jan6 Jan7 Jan8
Sales Sales Sales
450.00 430.00 380.00
610.00 520.00 580.00
Refund-ACafe
0005
90.00
90.00
Jan9 Jan9
Sales Total
470.00 2970.00
650.00 4120.00
1120.00 7400.00
310.00
Most of this revenue is made up of cash and EFTPOS sales. The business owner has also included a section for refunds from a local supplier and they receive money from the sales from a soft drink machine. Calculating the total revenue is the first stage in seeing if the business makes a profit.
Costs Just as much of the sales in a business are electronic, most businesses pay for things via online banking. Each time a business makes a payment, the bank provides a reference number as a means of recording the transaction. Bookkeeping software enables the business owner to record each payment just as they did with each cash receipt. The software has a cash payments journal set up, with columns to record each type of payment.
FIGURE4 The costs of a cafe business over a seven-day period
Bakery ($)
Groceries ($)
Wages ($)
Utilities ($)
Total costs
Date Details References Jan 3 A1 Bakery 346189
500.00
880.00
Groceries 458214
380.00
Jan 4 Electricity 675312 Jan 5 Groceries 789324 Jan 6 A1 Bakery 876931
490.00
490.00 430.00 500.00 1010.00
430.00
500.00
Jan8 Wages
987214
600.00
Groceries 996526
410.00
3310.00
Jan9
Total
1000.00 1220.00 600.00 490.00
You can see regular payments to a bakery, which is a supplier of baked goods. There are also grocery costs such as milk. You can also see the wage costs and an electricity bill.
TOPIC22 Financial goals and decision-making 639
Made with FlippingBook interactive PDF creator