Glossary: Gross Income/Gross Profit
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.
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.
The term net income (or net loss) refers to what’s left of a business’s gross profit after expenses are accounted for.