GROSS RECEIPTS is the total amount received prior to the
deduction of any allowances, discounts, credits, etc. GROSS REVENUE
is income (at invoice values) received for goods and services over
some given period of time. GROSS SALES is the total revenue at
invoice value prior to any discounts or allowances. Gross Receipts
= Gross Revenue = Gross Receipts They are all the same thing, which
is the total amount of revenue that a business generates during a
year prior to taking any discounts, allowances, etc. Gross Sales -
COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross
Revenue - COGS = Gross Profit