The Gross Receipts report is solely based on invoices and is the recommended report for gross personal sales to be used for tax purposes. 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. For tax purposes, we recommend using the Year-End: Gross Receipts (Personal Sales) 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, which leaves only the cost of the product included in the Net Total. This indicates 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 which accounts 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 separately.