Archives for september 2022

Gross vs Net Income: Understanding the Difference to Improve Your Bottom Line

16 september, 2022 by

Gross income indicates whether products or services are being priced and produced efficiently. Net income, on the other hand, tells you whether the business is profitable overall after accounting for all costs, including fixed overheads and taxes. For an employee, gross income is the full amount stated in a job offer or employment contract—before taxes […]

Filed Under: Bookkeeping