which income is higher gross or net income
The Differences Between Net & Gross Income for a Business. Gross income is higher than net income. Photos.com/AbleStock.com/Getty Images. When you prepare an income statement for your business, you must calculate both gross and net figures. Doing so allows you to gauge the viability of your business and identify the weak points in your finances. Net and gross income are also necessary for preparing your business' income tax return.