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SASA
Simple Tips by SASA
Gross Profit vs Net Profit? 🤑 The definition & tips and tricks for beginners
What is Gross Profit?
Gross profit is the money you have left left after subtracting direct costs (Materials, Labor, Insurance) from your total revenue.
What is Net Profit?
Net Profit is the money you have left after subtracting all expenses, including COGS, operating costs, taxes, and more, from your total revenue.
Gross vs Net Profit: What are the key dfferences?
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Gross Profit focuses only on direct costs, like materials or labor.
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Net Profit accounts for all expenses, including labor, taxes, and fees.
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Think of gross profit as "making money from your work" and net profit as "what you actually keep."
Gross Profit vs Net Profit example
Track your gross and net profit with SASA
Accounting software for self employed people
SASA helps you keep track of your business's income, and expenses so you can know your gross and net profit. Just connect your bank accounts ad SASA will do the rest for you.
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