Date created: Oct 12, 2022 • Last updated: Oct 12, 2022
What is Net Income?
Net Income is an accounting term that refers to the total revenue minus the total expenses for any given period. Net Income is one of the best ways to determine a business' profitability and is often referred to as the bottom line. For Net Income, expenses to be deducted include Cost of Goods Sold (COGS), all operating expenses, and tax and interest costs.
Net Income Formula
ƒ (Revenue - COGS - Operating Expenses - Taxes - Interest Expenses)
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How to visualize Net Income?
Use a summary chart to visualize your Net Income data and compare it to a previous time period.
Net Income visualization example
vs previous period
Here's an example of how to visualize your current Net Income data in comparison to a previous time period or date range.