gross sales
Học thuậtThân thiện
Definition
Noun The total income received from the sale of goods and services over a specific period, calculated at invoice values before any deductions for returns, allowances, discounts, or the cost of goods sold. It represents the top-line revenue figure.
Usage
"Gross sales" is a financial and accounting term used to report the total revenue generated by a business from its primary operations before any subtractions. It is a key metric for analyzing business scale and sales volume.
Examples
- The company's gross sales for the quarter exceeded one million dollars.
- A report on gross sales is presented to the board each month.
- The initial figure for gross sales does not account for customer returns.
Advanced Usage
- "to report gross sales": To formally state the total revenue figure in financial documents.
- The retailer must report its gross sales to the tax authorities.
- The term is often contrasted with "net sales," which is gross sales minus returns, allowances, and discounts.
Variants and Related Words
- Gross revenue: A very close synonym, often used interchangeably with gross sales.
- Net sales (n): The revenue figure after deductions from gross sales.
- Turnover (n): In some contexts, particularly in British English, this can be synonymous with gross sales or total revenue.
Synonyms
- Total revenue: The complete income from sales and services.
- Sales revenue: Income specifically from selling goods or services.
Notes
This term is typically used in its plural form ("sales"). It is a compound noun where "gross" means total or whole. The related concept is net sales, which is the figure more representative of actual earnings.
Noun
- income (at invoice values) received for goods and services over some given period of time