The Average Bill Value is calculated by dividing the total value of all transactions i.e total sales by the number of transactions or bills. Average Bill Value is also known as Average transaction value (ATV). both mean one and same. ABV can be increased by doing Up-Selling and Cross-Selling in the Retail Store.
It is calculated by simple formula i.e ABV = Total Sales/Total Bills.
It can be calculated for the day, month and year.