What's the difference between gross revenue and net revenue in ROLLER?
Gross revenue and net revenue in ROLLER show how much money your business is making using the accrual accounting method. This method recognizes revenue when it's earned (ie a guest redeems tickets or tickets expire due to non-attendance), not when payment for the sale is received.
|Gross revenue||Gross revenue is the total recognized revenue, inclusive of tax.
The amount is determined based on the booking date or ticket expiry date, rather than the date when payment was received.
|Yesterday, 100 tickets were booked at $44.00 each (including tax). Of these, 95 were redeemed at the point of sale (POS), and 5 went unused and expired.
Gross revenue = $4,400.00
|Net revenue||Net revenue is gross revenue less tax payable*.||Gross revenue = $4,400.00
Tax payable on gross revenue = $365
Net revenue = $4,400 - $365 = $4,035
* Tax payable on gross revenue.
- Cash versus accrual accounting
- When does a ROLLER product expire for recognizing revenue?
- ROLLER for bookkeepers
- Ledger summary
- Revenue Recognition report
- Detailed Product Sales report when accrual accounting is enabled for reporting in ROLLER.