English translation: net turnover / gross sales less discounts and excise taxes
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:
net turnover / gross sales less discounts and excise taxes
Explanation: I don't call myself a financial expert, but I found "gross sales less discounts and excise taxes" as an explanation to net-net turnover, which in effect is net turnover. Interesting fact is that "net net" turnover on the Internet is 9 times out of 10 written in quotation marks.
As you say, you are not a financial expert and neither am I and the term was an incidental one in a training module - using your English suggestion I went for "gross sales less discounts and allowances" - also as someone pointed out, the direct translation offered only appeared to be on non-English based websites! 2 KudoZ points were awarded for this answer