The Gross Receipts report includes information from invoices within a specific timeframe (excluding the Bill to invoice type). The report is recommended for tax purposes to capture gross personal sales. This report groups the invoices by the invoice sale type, along with the discounts given and sales tax charged.
Important Note: As with Mary Kay, we strongly recommend using the Weekly Accomplishment Sheet for unit recognition only and is not intended for tax purposes.
- From the Business Tools menu, select Reports (or from the Reports - Tools group on the main toolbar, click Reports).
- Under the Tax section, select the Gross Receipts report, then click Print (or double-click on the report).
- Enter the date range to print, then click OK.
- From the Filter sidebar, choose whether or not to include Personal Use or Business Supplies (click Submit if you change a filter selection).
- From the preview window, click to print (or to export as a pdf).
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 included, leaving only the product cost included 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 also be created to account for the cost of the product.
See Filter Invoices by Name, Invoice, or Discount Type if you would like to print Personal Use and Business Supplies information separately.