business






 

Question by  PHolloway (45)

What is "net income per books" with regard to taxes?

 
+8

Answer by  Chaneygirl (1755)

This is the book net income before any tax adjustments. There are differences in some expenses that can be written off for tax purposes, but still would be a book expense. Likewise, there can be income recognized for one but not the other. Simply put, it is your accounting records income.

 
+5

Answer by  YourMoneyAnswerGal (654)

The accrual method of accounting records income when earned vs when monies received and expenses when incurred vs when bills are paid. Book income records expected income and loss.

 
You have 50 words left!