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December 2022

What Are Gross Receipts? Definition, Uses, & More

No matter how you slice it, they're a key metric for your business. They're an indication of how effective your sales strategies are and how well your sales team is performing. Finally, we’ll assume that there were no sales allowances during this period. That is income after all applicable deductions and exemptions have been subtracted. It functions like a normal income tax and means that the top...