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Accounting Glossary: Net Income

Our accounting and bookkeeping Terms glossary has definitions to over 150
accounting (accouting) and bookkeeping terms or tax terms.

Use this accounting resource to improve your accounting knowledge and bookkeeping understanding. All of these accounting terms have been reviewed and are written so they can be understood for a wide range of accountants, bookkeeppers, cpas professionals.

Please pick a letter to proceed to the terms associated with that letter.

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Net Income:
Net income is also called net profit or earnings. Net income is the difference between a company's gross profit and its total expenses. For example, if gross profit of a company is $400,000 while expenses are $300,000, the net income would be $100,000. The net income is found at the bottom of the income statement and often times referred to as "The Bottom Line" by business owners.


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