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Savings / Net Savings?
Savings / Net Savings?
When two terms are used in a document - savings, and net savings, exactly what is the difference?
Thanks.
Sorry I will be more specific, this is looking at a business proposal. I have an amount of savings that I am told they will make in a year from running the business differently, and I need to know what the net savings are.
I can't seem to find a definition of "net savings" as differing from an annual computation of moneys saved to be able to correctly answer the question.
Answers:
ne11: To get an answer to this question, you need to be more specific.
For instance, are you asking about the difference for a business?
2007-01-18 05:17:53
For instance, are you asking about the difference for a business?
2007-01-18 05:17:53
Chosen Answer
P M: Some of the savings will cost money. If you saved ?1000 by installation of a piece of machinery costing ?400 your net savings for that year would be ?600.
2007-01-18 05:42:07
P M: Some of the savings will cost money. If you saved ?1000 by installation of a piece of machinery costing ?400 your net savings for that year would be ?600.
2007-01-18 05:42:07
Culture Warrior: It could be a reflection of account analysis on your business account.
For example, if you are required to maintain a $10,000 balance in your business account to avoid fees than anything over that could be swept to a money market account for income generation.
2007-01-18 07:05:01
For example, if you are required to maintain a $10,000 balance in your business account to avoid fees than anything over that could be swept to a money market account for income generation.
2007-01-18 07:05:01
5yellowchips: is it cash at hand less short term liabilities?
2007-01-18 09:55:13
2007-01-18 09:55:13