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Updated the header of the page with more details and citations, and also added a comparison with profit that in my opinion distinguishes the term "net income" from "profit". As it has been almost a year since anyone commented on the proposed merger, I will remove the merge template in a few weeks or days if there is no more discussion in this.-Samuel Tan 13:07, 14 April 2012 (UTC)
- Just a quick update - I've removed the merge template for the reasons stated above. :) Samuel Tan 14:58, 18 April 2012 (UTC)
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)
184.108.40.206 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 220.127.116.11 —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 18.104.22.168 (talk) 13:00, 29 March 2008 (UTC)
I think even if two different words or group of words are synonyms for each other they should each have their own page, so that people searching for EITHER text will derive a hit when they type 'word(s) - wiki' in google. Additionally, one has set the stage for appropriate differentiation from other words by giving a particular word or phrase an atonomous place to live then 'define' a unique word(s)'s relationship to others. e.g. Net Income relates to Profit in the following way(s) - that we can all hone over time. The debate should never be about whether different words or phrases have their own page. The wiki library becomes increasingly rich, robust, and verbose as we take the time to accurately differentiate each word and phrase. 'net income' should be linked in the profits page, but instead of just linking to the 'net income' page, it could link to a <a href='NAME'> label that is where 'net income' is being used in the 'profit' context that the user is presently intending. Then each respective page can explain things in a depth as desired, linking any word that they think is related, (or wish to state that it is NOT related, in the case of a disagreement or debate over semantics). —Preceding unsigned comment added by 22.214.171.124 (talk) 17:02, 26 April 2011 (UTC)
(such as the UK) profit is the usual term.
Is net loss the same as net income only negative? I ask because I am filling out a company infobox that has reported net losses for three years running. I placed the latest net loss figure in the net income field which is linked to this page. However this page doesn't cover net loss. - Shiftchange (talk) 15:09, 26 April 2012 (UTC)
I know accounting terms are always going to be eye-glazing, but this article is simply opaque. It needs a thorough re-do, most importantly on any distinction between net income, net revenue, and net profit. Right now "net revenue" redirects to "net profit" but this page says it's synonymous with "net income". For G-d's sake, which is it? If there's a difference between common use and best accounting practice, note that. If there's a difference between English and British English, note that. — LlywelynII 06:40, 30 April 2012 (UTC)
I accidentally hit the Enter key while entering some text in the edit summary while trying to hit the key right next to it. I meant to say that I replaced an ampersand with "and". So I apologize for that. Jesant13 (talk) 03:24, 2 March 2014 (UTC)