How to Calculate Daily and Monthly Net Sales Accurately

Net sales represent gross sales minus sales returns and allowable discounts, excluding sales taxes collected on behalf of tax authorities. To calculate daily or monthly net sales, select the reporting period and retrieve gross sales, returns, and discounts from your accounting system.

Net Sales = Gross Sales − Sales Returns − Sales Discounts.

For example, if gross sales are 50,000, returns are 3,000, and discounts are 2,000, net sales equal 45,000. Try Cash Cloud for free to explore sales reports and monitor business performance.