Although net income and adjusted gross income (AGI) are related, they differ; NI is the residual income after deductions and taxes, while AGI is calculated before these are deducted. Laura Porter / ...

Managerial accounting, a tool used for business decision-making, allows for different methods of calculating net income. The general formula is that sales minus costs equals net income, but there are ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

When you are figuring out how well your company's doing, gross sales revenue is a poor measure. Net income, meaning the amount you have left after paying your bills, is a better measure of your ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Profitability is a crucial metric most investors use to determine if an opportunity is ...

Reporting taxes, applying for a loan and making a new company budget will require you to know how much money you bring in each year. Annual income is one of the most valuable metrics for quick, ...

Pre-tax profit is a firm's income before taxes, found on the income statement. Calculate pre-tax profit by adjusting net income for the effective tax rate. Alternatively, adjust operating income by ...