Gross Profit vs Net Profit

What’s the difference between Gross profit and Net profit? Gross profit is a stepping stone to net profit. It indicates you’re broadly capable of generating returns, while net profit shows that you are in fact generating returns. Gross profit is the money made from sales, minus the direct costs of providing the goods and services sold. Net profit is the money you have left after you’ve paid for all your expenses and taxes.
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These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s