Understanding Grossing: The Total Income Before Deductions

Grossing refers to the total amount of money earned or collected by an individual, business, or organization before any deductions or expenses are made. It is the total gross income or revenue, and it does not take into account any costs or expenses that may be incurred.

For example, if a company sells $100,000 worth of products in a given period, its gross revenue for that period would be $100,000. However, if the company also has expenses such as salaries, rent, and marketing costs, its net income (or profit) would be lower than its gross revenue.

In accounting terms, grossing refers to the process of calculating the total gross income or revenue of a business or individual, without any deductions or expenses. It is an important step in preparing financial statements, such as balance sheets and income statements, which provide a snapshot of a company's financial health and performance over a given period.