Gross sales

Gross sales are the total amount of revenue generated by a business entity (e.g., an online store) from the sale of goods or services, before any deductions or adjustments are made for expenses, returns, or discounts.

To calculate gross sales, add up all the revenue generated by the business during a specific period. In the revenue should be included the income from all sources (e. g. product sales, service fees, and other income streams).

The formula is as follows: Gross Sales = Net Sales + Returns + Discounts + Allowances

Glossary entries with G

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