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Also on a companyâs income statement, net sales are the sales after all discounts, price adjustments and returns have been considered. This is sometimes simply referred to as revenue.his is because the operating income amount can show the amount of revenue that will become the profit for the company. It is the before tax and interest profit from the companyâs operations.
Gross sales are the grand total of all sale transactions reported in a period, without any deductions included within the figure. 1  Net sales are defined as gross sales minus the following three deductions: 2  Sales allowances. A reduction in the price paid by a customer, due to minor product defects.