GoFuckYourself.com - Adult Webmaster Forum - View Single Post - What is your definition of NET profit and Gross profit

KC · 10-31-2003, 12:51 PM

Quote:

Originally posted by notjoe
OK, i think i'm losing my mind here.

I've always assumed that NET profit was the around of money you have left over once you pay for all you expenses. As for GROSS Profit, that was the money you have before you pay expenses.

Here's a simple example

$10,000 Made this month (Gross Profit)
$5,000 - Expenses

$5,000 = would be your NET Profit right?

If that is the case then why does reference.com say otherwise?

http://dictionary.reference.com/search?q=gross%20profit

http://dictionary.reference.com/search?q=net%20profit

Either i need to lay off the pot and take a course in business or this site is wrong..

So, which is it?

Talk to a CPA, buy "Accounting for Dummies" or at least do some reading on Intuit's website.. Posting on GFY for help with accounting definitions isn't very wise!