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Post Info TOPIC: Question on figuring gross profit.


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Question on figuring gross profit.

So what I'm asking is should gross profit be figured before or after labor and expenses or taken out? For years I been told my profit is figured after but to me that doesn't make sense wouldn't that be net profit? I'm asking because I feel there is some playing with the numbers to get out of any bonus giving or whatever. We have accountants that tend to this but I was informed by someone else in my trade more on the paper work side that they are figuring gp after all my labor and expenses and said that is not the right way. Thanks any input is appreciated. 

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