---
title: "Insights | Changelog: Definitions and Calculations"
description: As the regulations evolve and working with our CPA consultants we have updated our definitions and method of calculation to reflect GAAP (Generally Accepted Accounting Principles) best practices. Below is a changelog of what has taken place:
---

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# Insights | Changelog: Definitions and Calculations

## As the regulations evolve and working with our CPA consultants we have updated our definitions and method of calculation to reflect GAAP (Generally Accepted Accounting Principles) best practices. Below is a changelog of what has taken place:

**Changelog:**

**8/21/23**

- No taxes, pre or post are included in **Gross Sales** or **Net Sales**
- **Gross Revenue** has been replaced with two fields: **Retail Value of Sales** denoting what the customer sees including pre-taxes, and **Gross Sales**, denoting the actual sale of the product without any taxes or fees included
- **Net Revenue** is now **Net Sales** and includes not only **Delivery Fees** but also **BLAZEPay Fees** and **Payment Fees**, depending on your tax settings and payment provider, they may or may not be included in your tax calculations

**01/01/22**

- **Retail Value** is now labeled as **Gross Revenue.**  
    - **Gross Revenue** =  multiplying retail value of product sold without discounts, taxes, or fees  by quantity sold.
- **Item Price** now represents retail or sale price at the time of sale
- **Unit Cost** now represents the Unit Cost of an item.
- **Extended cost** has been renamed **Cost of Goods Sold**. These calculations are now exact for the cost of goods sold down to the batch and unit level.
- **Total Discount** removed and **Pre-Tax Discounts** added. 
    - Pre-Tax Discount is defined as Product Discounts + Cart Discounts
    - There is still an After-Tax Discount. There is no longer a Total Discount but you can still obtain this by summing up Pre-Tax Discount and After-Tax Discount.
- **Subtotal** and **Final Subtotal** Removed and Replaced**:** 
    - **Subtotal** has been replaced with **Gross Revenue**
    - **Final Subtotal** = Net Revenue - Delivery Fees
- **Net Sales** is now **Net Revenue:** 
    - Net Revenue = Gross Revenue - Pre-Tax Discounts + Delivery Fees (split per weighted price)
- **Gross Receipts is now Total Due:** 
    - **Total Due** = Net Revenue + Total Tax (Post Taxes Only) - After Tax Discount + Payment Fees (ACH, CC, BLAZEPay, etc) + Adjustments + Rounding.
- **CashlessAtm Received** and **Cash Received** are now relabeled as **CashlessAtm Tendered** and **Cash Tendered.**
- **Ghost Customer:** a customer that has registered at a shop but has never made a purchase.

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