One of the most common missteps people make is getting their gross and net income mixed up. These two terms might seem interchangeable, but there's a big difference between the two. If you mix ...

Many investors also report their income, and the difference between net and gross revenue for a small business can have significant income tax repercussions if mishandled. There are many gray ...

Total expenses are the sum of cost of goods and operating expenses. Net profit is the difference between gross profit margin and total expenses. The net income depicts the business' revenues and debt.

It is important to understand the difference between gross and net profit. Knowing the gross profit margin, net profit margin and average rate of return is essential when making business decisions.