<topic sku="biz" tNum="288508" author="sallyh" xmlns="x-schema:hhTopicSchema.xml"><index><title>Learn about net profit and loss</title><category></category><klink type="cncpt">Tell me about net profit and loss</klink></index>
<content>
<p>Your net income from a business is the total income from the business minus total business expenses, including operating costs, cost of goods sold, and depreciation. If the expenses exceed income, the business has a net loss; if the income exceeds expenses, the business has a net profit.</p>