Article
[VIDEO] Gross Profit vs Net Income: What’s the Difference?
06 Oct 2023 • 2 min read
Have you ever wondered how these two differ? As a micro, small or medium enterprise (MSME) owner, it is crucial to know the difference and why they matter.
It is important for a business owner to know and understand the financial figures of their company. Understanding the difference between gross profit and net income can help you make secure investments and file business taxes correctly.
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Knowing the difference between these can help you manage cash flow and business planning
Why You Need to Know Both
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