Gross revenue and net revenue are distinct from each other, but both are important for small businesses to track.
- Gross revenue is the amount of money a business brings in from sales in a given period.
- Net revenue is the amount of money a business brings in from sales in a given period minus the expenses it incurred over the same period.
- Gross revenue tells you how many sales your business is driving, while net revenue compares your income to your expenses.
- This article is for business owners who want to improve their financial literacy and accounting practices.