Main Page | See live article | Alphabetical index Net profit is an accounting term which is commonly used in business. Net profit equals the gross revenue minus associated expenses. A common synonym for "net profit" when discussing financial reports (which include a balance sheet and an income statement) is the bottom line. This term results from the traditional appearance of an income statement which shows all allocated revenues and expenses over a specified time period with the resulting summation on the bottom line of the report. In simplistic terms, net profit is the money leftover after paying all the expenses of an endeaver. In practice this can get very complex in large organizations or endeavors. The bookkeeper or accountant must itemize and allocate revenues and expenses properly to the specific working scope and context in which the term is applied. This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.