Net Income

/Tag:Net Income

Glossary: Gross Income/Gross Profit

By | November 3rd, 2015|Categories: Glossary, Small Business Tax and Accounting|Tags: , , , , |

Gross income is all money coming in the door, before any expenses. Gross profit is what's left after cost of goods sold are subtracted.

Glossary: Net Income/Net Loss

By | August 5th, 2015|Categories: Glossary|Tags: , , |

The term net income (or net loss) refers to what's left of a business's gross profit after expenses are accounted for.