What is the difference between Gross & Net Purchases/Sales in the system? - Smarter Sales & Inventory Management | Zayls

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Knowledge Base FAQs | What is the difference between Gross & Net Purchases/Sales in the system?

What is the difference between Gross & Net Purchases/Sales in the system?

A Gross Purchase/Sale is the total amount with the tax, discounts, and purchase/sales returns. On the other hand, a Net Purchase/Sale is the base amount without the aforementioned factors.