Often revenue and turnover can be correlated, however they are not exactly the same. Emitwise would need your revenue figure.
Often revenue and turnover can be correlated, however they are not exactly the same.
Revenue is the money companies earn by selling their products and services, while turnover refers to the number of times businesses make assets or burn through them. Thus, revenue affects a company's profitability, while turnover affects its efficiency. The other differences are the effect of the two on business, the types of turnover and revenue, the calculation formulas, and reporting (source).
⁉️ How to calculate total revenue:
Total revenue = Total sales - returns
It is important for Emitwise and your customer to make sure that we get consistent data. Therefore, if you are still unsure, please connect the Emitwise team to your accounts department directly.