What Is Net Income? Understanding Your Bottom Line

Now that we know the gross income for Watts Thrift Shop, the next step is to add up its other expenses to complete the other part of the equation for the quarter. Like EBITDA, companies don’t need to show EBIT on their financial statements. The U.S. GAAP, SEC, and IRS don’t require companies to show […]

Sign up for ProAdvisor and QuickBooks certification courses

Intuit reserves the right to limit the number of sessions and the length and scope of each session. Terms and conditions, features, support, pricing, and service options subject to change without notice. QuickBooks Online certification training and exams are free to accounting pros. The ProAdvisor program is for accounting, tax, bookkeeping, and consulting professionals who […]