Meaning & use
net receipts
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Meanings
nounpluralbusinessfinance
the amount of money a business actually keeps after all costs, taxes, and returns have been subtracted from total income.
Grammar: Plural only: say "net receipts were high," not "net receipt was high."
Patterns
- net receipts of an amount
- net receipts from something
- report net receipts
After paying staff and rent, the shop's net receipts for the month came to about $4,000.
The charity publishes its gross income and its net receipts each year so donors can see where the money goes.
Net receipts fell sharply in the winter quarter because heating costs doubled.
nounpluralfinancebusiness
the total value of money taken in by a government or organization once refunds and expenses have been deducted.
Grammar: Plural only; often followed by "from" plus the source of the money.
Patterns
- net receipts from something
- net receipts of an amount
The tax office reported net receipts from small businesses of $2.1 billion.
Ticket sales were strong, but net receipts from the concert were modest after the venue's cut.
Common combinations
- gross and net receipts
- The report lists gross and net receipts side by side so readers can compare them.
- net receipts rise/fall
- Net receipts fell by 8 percent after the new tax took effect.
- net receipts of $5 million
- The festival ended the year with net receipts of $5 million.
- net receipts from sales
- Net receipts from sales were higher than the company had predicted.
- calculate net receipts
- Accountants calculate net receipts at the end of each quarter.
Synonyms and how they differ
- net income
- Very close in meaning, but net income usually appears in formal profit statements, while net receipts often refers to money actually taken in.
- take
- Informal and common in everyday speech for money received from a business event; net receipts is the formal written term.
- proceeds
- Refers to money received from selling something or holding an event, but proceeds are not always reduced by costs the way net receipts are.
Opposites
Word family
Commonly confused: net receipts or gross receipts? net receipts or net profits?
net receipts vs gross receipts
Gross receipts are the full amount taken in before any costs or refunds are subtracted; net receipts are what is left afterward.
net receipts vs net profits
Net profits subtract all business expenses including overhead, while net receipts focus on money received after returns and direct deductions.
Practice
After refunds and fees were deducted, the store's ___ for the week were $12,000.
Choose one answer.
"Net receipts" is the plural term for money kept after deductions, and it agrees with the plural verb "were." "Net receipt" is wrong because this sense is always plural, and "gross receipts" would mean the money before deductions.
Make it your own
Write a sentence using “net receipts”, then check it and compare it with the examples above.