Income minus expenses is a concept used in the business world to measure how much profit or loss a company has made in a given period of time. It’s fairly simple; net income (or earnings) is the total revenue generated, while expenses are all the costs incurred in running the business. Subtracting these two figures gives you the final number. Think of it as a snapshot of your company’s finances – if your income is greater than your expenses, then you’re making a profit. If not, well, there’s room for improvement!