Net Income vs. Profit: What is the Difference?

Author: External Author | | Categories: Accounting Services , Consulting Services

Many terms in business and finance have differing or even fluid meanings in day-to-day use. Some terms the average person may use interchangeably have very specific definitions in a finance or accounting context. Case in point: profit and net income. Though both terms deal with the an excess of income over expenses, their definitions and contextual usage differ in important ways.

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Original Article Source Credits:   Investopedia ,

Article Written By:  Claire Boyte-White

Original Article Posted on:  May 3, 2021

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