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In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.
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An important of aspect of net income (in the USA) is that it for depreciation of equipment, reserves, and other resources that decline in value with production or time. A comparison of "profit" , "net income" , and "cash flow" would be very valuable if posted by a knowledgeable accountant.
net_income profit: Net income or profit (revenue minus costs) realized by the company in its most recent fiscal year and the year prior, with the applicable years in parentheses. Example {{Unbulleted list|{{Steady}} US$128 million (2011)|US$128 million (2010)}} String: optional: Net income year: net_income_year profit_year: The year associated ...
There are two differences between net income and free cash flow. The first is the accounting for the purchase of capital goods. Net income deducts depreciation, while the free cash flow measure uses last period's net capital purchases.
Net Income of the partnership is calculated by subtracting total expenses from total revenues. After that salary and interest allowances are subtracted from Net Income, and the result is Remaining Income, which is divided equally in accordance with the partnership agreement.
