The amount of a restaurant's net sales equals its gross sales minus customer discounts minus customer refunds. Gross sales are revenues you generate before providing any discounts or refunds to ...

The income statement is a step-by-step guide that reveals how much income your business makes and where it goes. The net sales figure is what remains after all sales discounts, returns and allowances ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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 ...