{"id":18580,"date":"2019-09-17T11:02:08","date_gmt":"2019-09-17T11:02:08","guid":{"rendered":"http:\/\/www.teamogy.com\/?p=18580"},"modified":"2025-09-10T17:17:32","modified_gmt":"2025-09-10T17:17:32","slug":"financial-terminology","status":"publish","type":"post","link":"https:\/\/www.teamogy.com\/en\/manual\/financial-terminology\/","title":{"rendered":"Financial Terminology"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row column_structure=”3_4,1_4″ custom_padding=”27px|0px|27px|0|false|false” module_class=” et_pb_row_fullwidth” _builder_version=”3.25″ width=”89%” width_tablet=”80%” width_last_edited=”on|desktop” max_width=”89%” max_width_tablet=”80%” max_width_last_edited=”on|desktop” make_fullwidth=”on”][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.26.5″ custom_margin=”40px|40px|40px||true|”]<\/p>\n

Financial Terminology<\/h3>\n

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Numbers, reports and their correct interpretation are the key to successful company management. Therefore, it is very important to understand what each number means.<\/p>\n

We have put together a table that clearly explains the financial terms used in Teamogy<\/strong>.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”3.26.5″ min_height=”589px” custom_margin=”|19px|40px|||” custom_padding=”|5px|0px|||” text_font=”|300|||||||”]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Teamogy<\/b><\/span><\/span><\/td>\n<\/tr>\n
Business<\/b><\/span><\/span><\/td>\n10 000 000 $<\/td>\nRevenues<\/td>\nInvoiced amount from Jobs and Client Overheads<\/td>\n<\/tr>\n
– 8 300 000 $<\/td>\nDirect Costs<\/td>\nDirect Costs in Jobs and Client Overheads<\/td>\n<\/tr>\n
1 700 000 $<\/strong><\/td>\nGross Margin<\/strong><\/td>\n= Revenues – Direct Costs<\/td>\n<\/tr>\n
– 1 000 000 $<\/td>\nLabor Costs<\/td>\n= recorded hours on jobs (your time records) multiplied by hourly cost rate of employees<\/td>\n<\/tr>\n
700 000 $<\/strong><\/td>\nGross Profit<\/strong><\/td>\n= Gross Margin – Labor Costs (Gross Profit is used only for Job reports)<\/td>\n<\/tr>\n
Operation<\/span><\/strong><\/td>\n10 000 $<\/td>\nOperating Revenues<\/td>\nInvoiced amount from Internal Overheads (for example rental cost re-invoiced for other entities)<\/td>\n<\/tr>\n
– 1 300 000 $<\/td>\nOperating Costs<\/td>\nCosts in Internal Overheads (Office rent, Personal costs, Internal projects, etc.)<\/td>\n<\/tr>\n
410 000 $<\/strong><\/td>\nOperating Profit<\/strong><\/td>\n= Gross Margin + Operating Revenues – Operating Costs<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Now the example contiues into Accountancy. These operations below are NOT<\/strong> included in Teamogy<\/strong>.<\/p>\n

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Accountancy<\/b><\/span><\/td>\n<\/tr>\n
Financial<\/u><\/b><\/span><\/td>\n-10 000 $<\/td>\nDepreciation & Amortization<\/td>\n<\/td>\n<\/tr>\n
400 000 $<\/strong><\/td>\n\u00a0Net Financial Income<\/strong><\/td>\nOperating profit (previous table) – Depreciation & Amortization<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
– 90 000 $<\/td>\nInterest & Taxes<\/td>\n<\/td>\n<\/tr>\n
310 000 $<\/strong><\/td>\nNet Profit<\/strong><\/td>\n= Net Financial Income – Interest & Taxes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Tips & Tricks\u00a0<\/strong><\/span><\/p>\n

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Get in Touch<\/b><\/span><\/p>\n

If you have problem or need further assistance, do not hesitate contact Teamogy Support. Use online chat (inside Teamogy or everywhere on\u00a0www.Teamogy.com<\/a><\/span> in the lower right corner) and you will get prompt reply.<\/span><\/p>\n

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Financial TerminologyNumbers, reports and their correct interpretation are the key to successful company management. Therefore, it is very important to understand what each number means. We have put together a table that clearly explains the financial terms used in Teamogy. Teamogy Business 10 000 000 $ Revenues Invoiced amount from Jobs and Client Overheads – […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[291],"tags":[],"class_list":["post-18580","post","type-post","status-publish","format-standard","hentry","category-manual"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/posts\/18580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/comments?post=18580"}],"version-history":[{"count":1,"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/posts\/18580\/revisions"}],"predecessor-version":[{"id":987518318,"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/posts\/18580\/revisions\/987518318"}],"wp:attachment":[{"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/media?parent=18580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/categories?post=18580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teamogy.com\/en\/wp-json\/wp\/v2\/tags?post=18580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}