What is the difference between Net Income and Net Revenue?

Today we're talking about the often-confused terms of revenue and income. Revenue is technically the total income from sales, with net revenue accounting for deductions like discounts. On the other hand, income for a business represents what remains after subtracting all expenses from revenue. You will learn that income, profit, and earnings are synonymous, all signifying the amount left over once all costs, including taxes and operational expenses, are accounted for. The culmination of this process is termed net income, also referred to as the bottom line. By talking about these distinctions, we aim to help your comprehension of financial terminology and foster a clearer understanding of the terms used in the business world.

Learn more about our Building Business Acumen training at https://www.acumenlearning.com/on-sit....

Follow Acumen Learning
  / acumen-learning  
https://www.instagram.com/acumenlearn...
  / acumenlearningllc  

✅ Subscribe to our YouTube Channel for more Business Acumen videos!
✅ For more on our business acumen training visit: https://www.acumenlearning.com/

#businessacumen #businessstrategy #learninganddevelopment #leadershipdevelopment #financetraining #businesstraining #financialstrategy #financialacumen #businesssuccess #businessdefinitions #netrevenue #revenue #netincome #income