gross receipts

  

Definition

Total revenue (including interest and rents) before deducting expenses, but commonly after deducting revenue from the sales of fixed assets and withholding taxes collected from the employees.

Use gross receipts in a sentence

  • Before I could do all of the other budgetary things, I had to determine how much we had in gross receipts.

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  • The gross receipts were above and beyond the previously forecasted expectation made by the financial analyst for the construction company.

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  • You should keep great records including your gross receipts when you want to be able to fully budget your companies assets.

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