The Gross Receipts report summarizes invoice data for a selected timeframe, excluding the Bill To type. For tax purposes, it is recommended to capture gross personal sales. The report includes invoice sales categorized by Invoice Type, along with Discounts, Retail Gifts Given*, and Total Tax Invoiced.
From the sidebar navigation, click
Reports.
- Under the Sales section, select Gross Receipts.
- From the Date Range screen, if necessary, change the Start and End dates (or choose from the quick pick list).
- The report will include Personal Use and Business Supplies by default. To exclude those amounts, uncheck the options, then select OK.
- In print preview, select the print button
, or on a mobile device, tap the export button
to export and download as another file type, such as PDF.
* Retail Gifts Given include items added to invoices that are not section 2 that have been set as a sale type of Gift. They are not included in the Retail Subtotal of the report or deducted from the Net Total. See Handle Gifts Given Away for more information on how we recommend handling gifts, and consult with your tax advisor on how they would like you to record them for your tax situation.
Additional Information:
Important Note: As with Mary Kay, we strongly recommend using the Sales Summary by Date (equivalent to the Weekly Accomplishment Sheet) solely for unit recognition. It is not intended for tax purposes.
By default, invoices with the sale type of Personal Use and Business Supplies (demos, expired products, etc.) are included in the Retail Subtotal. In the Discounts section, an offsetting discount is also applied, which leaves only the product's cost in the Net Total. This shows that the product was removed from your inventory, but no profit was made. Additionally, when Business Supplies invoices are created, an expense entry should be recorded to account for the product cost. See Filter Invoices by Invoice Type to print each report separately.