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 ...

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.

Adjusted gross sales, also known as net sales, represent gross sales less returns and allowances. This measure is a gauge of market demand and pricing power, and is commonly used to determine relative ...