Net sales show the true revenue your business makes from selling products or services, after subtracting returns, allowances and discounts. To find net sales, begin with your total sales and deduct ...

In many cases, the difference between net sales and gross sales can be much more than an accounting detail. Let's take a look atApple and why net sales can be a relevant concept providing a lot of ...

Your business's income statement is a long string of pluses and minuses. You start with your sales revenue, subtract costs of goods sold to get gross profit, then subtract expenses to get net profit.

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...