Gross revenue (also gross sales) is the monetary amount that an entity earns from sales of products/ services (i.e., its operations or core business) in a period of time. It represents all income from sales in a reporting period, that is presented on the income statement, before accounting for any expenses (or losses) incurred in the process of revenue generation.
A measure of turnover that is calculated before specific items are deducted to arrive at a net figure. In other words, a gross turnover is the total monetary amount attained by an entity, in a given period of time or a reporting period, from the sale of goods and/ or services related to its core business line, prior to any deductions corresponding to costs and expenses incurred in the process of its generation.
It is also known as a gross turnover or income.
