Gross Receipts

Gross Receipts refer to the total amount of revenue received by a business from all sources during a specific period, before any deductions for expenses or costs. This figure includes sales of goods and services, as well as any other income such as interest, dividends, or royalties.

For example, if a retail company sells $100,000 worth of merchandise, receives $5,000 in interest from investments, and earns $2,000 from rental income, the Gross Receipts for that period would be $107,000. This measure is often used to determine business size, eligibility for certain tax structures, and compliance with various regulations.