Net Sales Definition

Net sales are the gross (total) sales minus the returns, allowances, and discounts allowed.

Net Sales Extended Definition
Net sales represent sales after price reductions, price adjustments, and refunds have been deducted from the total sales made. This figure can be used for reporting on financial statements and understanding a company’s revenue during a specific period of time.

Related Article
Net Sales Explained | Patriot Software

Last Updated By

Christan Neff | Apr 17, 2023