What are total sales?

What are total sales?

Total revenue, also known as total sales, refers to the total income that your company generated from all sales of goods or services.

Is total sales the same as income?

Revenue, also known as gross sales, is often referred to as the “top line” because it sits at the top of the income statement. Income, or net income, is a company’s total earnings or profit. When investors and analysts speak of a company’s income, they’re actually referring to net income or the profit for the company.

Does Total sales mean revenue?

Key Takeaways Revenue is the entire income a company generates from its core operations before any expenses are subtracted from the calculation. Sales are the proceeds a company generates from selling goods or services to its customers.

What is total sale and net sale?

Gross sales are the grand total of sale transactions within a certain time period for a company. Net sales are calculated by deducting sales allowances, sales discounts, and sales returns from gross sales.

How do you find total sales?

The sales revenue formula calculates revenue by multiplying the number of units sold by the average unit price. Service-based businesses calculate the formula slightly differently: by multiplying the number of customers by the average service price. Revenue = Number of Units Sold x Average Price.

What is another word for total sales?

gross revenue (noun) gross sales (noun)