Net Profit

Knowing your net income is key for checking your business’s financial wellness. It tells you if your business is doing well or facing troubles, guiding your financial choices. When you look at your profits after paying all expenses, you see if you’re making money or not. This method of tracking profits and losses goes back a long way. Accountants used black ink for profits and red for losses. This way, you could quickly see your financial status at a glance.… Read More »Net Income Formula: Calculate Your Business Profits