Gross Sales

Posted in Marketing and Strategy Terms, Total Reads: 1058
Advertisements

Definition: Gross Sales

A gross sale is the overall sale that isn’t adjusted for any kind of customer discounts or returns, or any other figure. It is thus the total invoice value of sales.

It is different from Net Sales which deducts the following 

1. Sales Allowances : In case of defects

2. Sales Discounts : Discounts offered on mark up prices

3. Sales Returns : In case products are returned for refunds


Gross sales doesn't take into account the above 3 factors. Also it doesn't take into consideration all sources of income for a company whereas Revenue does that.



Browse the definition and meaning of more terms similar to Gross Sales. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary



Share this Page on: