Point of Sale (POS) Glossary
Net sales are the revenue a company makes from selling items. Net sales are calculated by taking the total sales (gross sales) and subtracting returns, allowances (damaged goods, expiration, loss, etc.), and discounts. It is the total sales price of the items minus their cost to the business.
Net sales is a critical component to calculating a company’s profit, however, overall profit must consider other operating costs, including advertising, labor, utilities, real estate, and more. A company’s actual profit must reflect the overhead and cost of facilitating sales.
A robust point of sale system can track all of the data needed to calculate net sales. Using POS analytics and reporting, it is much easier to get a reliable picture of a company’s net sales and overall profits.
See what separates ACID Point of Sale from the rest of the POS solutions.
Meet Magento Florida Feb 15-16 2023
It was great meeting all Adobe Magento industry professionals that attended Magento Meet Florida. The event was planned perfectly from sessions to solutions.
Meet us at Meet Magento (Feb 15th-16th) at Seminole Hard Rock Hotel in Miami, FL
This year we decided to attend Meet Magento in Miami, FL from Feb 15th-16th, 2023. It's a great opportunity for us to visit with some of our existing customers, and future partners.