Calculating net income in Excel is a crucial financial task for businesses. Net income, or profit, is the amount of money left over after subtracting expenses from revenue. It’s used to assess a company’s profitability and financial health.
Knowing how to calculate net income in Excel is essential for financial planning, budgeting, and decision-making. The concept has been used for centuries, with early iterations dating back to Luca Pacioli’s work in accounting.