oboloo Glossary

Preliminary Net Income

oboloo Glossary

Preliminary Net Income

Preliminary Net Income is a term used to refer to the total expected net income of a business or organization before any final adjustments are made. This figure is based on calculated estimates or projected future earnings, minus expenses and taxes for a specified period of time. It’s important to note that these figures can be subject to change, as actual expenses incurred may vary from estimates. Therefore, it’s best to use Preliminary Net Income as an indicator of potential profit only.