the invoice value of sales before deducting customer discounts, returns, and allowances; i.e., the total amount paid by customers before deductions. See gross profit, gross margin, net sales, net profit, and cost of goods sold.
The total of amounts received (sales for cash) and amounts expected (sales on credit) in return for products sold or services rendered during the given time period. Gross sales reflects sales at invoice values, before sales discounts and credit card fees.
Revenue generated before any expenses are deducted. It is the sum of all money generated prior to deducting wages, product cost, taxes, interest, etc. Typically the amount royalty from which payments are calculated.
This exposure base is the gross amount charged for all goods or products sold or distributed, operations performed and rentals. Some deductions from gross sales include sales or excise tax, returns and allowances and finance charges for items sold on installment.
With percentage leases, the tenant's total sales proceeds, which is normally the starting point for calculating the tenant's rent. These types of leases for retail properties force the landlord to share and invest in the tenant's success.
The total of all sales made by a retail tenant. For tenants who have Percentage Rent clauses in their lease, Gross Sales are compared to the breakpoint to determine whether the tenant will be required to pay percentage rent. Leases may specify certain sales which may be excluded from Gross Sales (i.e., sales tax, discounts granted to employees, etc.).
A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge.