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[edit] Different

Net income and net profit are completely different. Net profit is from a business standpoint, whereas net income is from a personal standpoint (Gross income minus taxes and deductions)

71.153.184.123 19:28, 12 January 2007 (UTC)

Actually, at least in the United States, both terms are used quite often in business and non-business ("personal") settings -- and both are frequently used to describe the same concept. Yours, Famspear 19:45, 12 January 2007 (UTC)

Actually, i'd say that net income is more like gross profit in UK terms. JonF. 15:57 23, February 2007 (UTC)

Leave net income alone. It is used all the time in Real Estate conversation, a field I know a bit about. Who would bring up this suggestion!?

last comment made in 15:06, 27 March 2007 by 216.161.20.229 —Preceding unsigned comment added by Dwarf Kirlston (talk • contribs)

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. —Preceding unsigned comment added by 74.245.78.210 (talk) 13:00, 29 March 2008 (UTC)

[edit] (such as the UK) profit is the usual term.[citation needed]

Lots of pople use turnover in the UK to describe the money made and profit as a term for the turnover take away the bills. 84.67.167.100 (talk) 12:27, 2 August 2009 (UTC)