Report Summary
The Sales Summary Report offers valuable insights into individual sales performance and aids in formulating effective sales strategies. Managers can utilize this report to set sales goals, recognize top performers, address areas of underperformance, and monitor progress toward targets. Analyzing the data helps teams share best practices, enhance performance, and boost overall sales results.
How to Generate the Report
Navigate to the Reports Tab via the left-side sandwich menu and select Sales Summary from the dropdown at the top of the page. You can apply filters such as Revenue Center, Date, or Payment Method to narrow down the data.
The report can be exported as a PDF, XLSX, or CSV file by clicking the Export button located above the report data.
How to Read the Report
Gross Revenue includes net sales, sales tax, tips, service charges (formerly service fees), and donations. It shows the total amount charged to customers before deducting processing fees or discounts.
Net Revenue is calculated by subtracting sales tax, tips, service charges (formerly service fees), and donations from the Gross Revenue total.
Sales tax is applied to the subtotal before tips are added. Both tips and service charges are calculated based on the subtotal before tax. Processing fees are charged on all funds routed through the processor, including service charges, tips, donations, and sales tax.
Chargeback deposits are automatically deducted from Gross Sales to keep a reserve for disputes and refunds. Refunds and disputes started through the point of sale or Billfold Dashboard are taken directly from Billfold’s account as the Master Merchant. The chargeback deposit is held to cover any losses from disputes and refunds. Any remaining balance in the chargeback account is returned to the organizer at the end of the hold period as specified in the contract.