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January 24, 2019
Solved

Why are my "Net Operating Income" and "Net Income" the same in my Profit & Loss Report?

  • January 24, 2019
  • 1 reply
  • 12 views
No text available
Best answer by JonpriL

Good day, @emilee11!

 

I'm here to provide you insights about your Profit and Loss report.

 

The Net Operating Income is your revenue through daily sales of operating your business. While the Net Income is your clean income. It means your total income with taxes already deducted.

 

Once your corporate taxes are recorded and settled, your net income will reduce.

 

I suggest contacting your accountant to discuss more about your accounting books and your Profit and Loss report.

 

Feel free to leave a comment below if you have any other questions. We're always here to help.

1 reply

JonpriLAnswer
Level 9
January 24, 2019

Good day, @emilee11!

 

I'm here to provide you insights about your Profit and Loss report.

 

The Net Operating Income is your revenue through daily sales of operating your business. While the Net Income is your clean income. It means your total income with taxes already deducted.

 

Once your corporate taxes are recorded and settled, your net income will reduce.

 

I suggest contacting your accountant to discuss more about your accounting books and your Profit and Loss report.

 

Feel free to leave a comment below if you have any other questions. We're always here to help.

emilee11Author
January 24, 2019

@JonpriL, thank you!

Level 9
January 24, 2019

You're welcome @emilee11!

 

Please let me know if you have any other questions. I'm just a post away if you need a hand.