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Includes:
Operation expenses, wages, advertising, parts and equipment, loans, accounting expenditures, shipping costs, employee benefits, loans
What does it mean?
the cost required for something
DBA examples
The amount we spend on promotional items is an expense

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Synonyms

Sales Profit, Gross Income.

What does it mean?

Gross profit is the total sales of the company minus the total cost of goods sold.

DBA Examples:

Total Revenue - Total Expenses for the business.

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income statement, Definition: a financial statement that shows the companies revenues in a particular period.
What does it tell us? That the revenues are transformed into the net profit or net income
Time period (s)? A 12 month calendar
How is it used? Used to show the revenue and accounting expenses in an accounting period.

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Synonyms
income, earnings, takings, sales, cash
What’s it mean?
the total money that is brought in
DBA Example
Our sales

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Synonyms- Earnings, Profit, Lucre

What’s it mean?- the difference between the gross profit or loss and the total indirect income/expenses for a business

DBA Examples- Missing an order, spending more on shirt and colors than the COGS. The total money after expences of shirts, screens, and colors.

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Synonyms
Cost of sales, COGS
What's it mean?
The amount a business paid directly related to the sale of goods.
DBA Examples
How much it costs to produce a shirt. (Materials, equipment, labor, etc)

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Formula
Net Profit / Revenue

What’s it mean?
To gauge the degree to which a company or a business activity makes money. It represents what percentage of sales has turned into profits. How many cents of profit has been generated for each dollar of sale.

DBA Examples
14%

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Synonyms
None

What’s it mean?
How much you pay to Uncle Sam (govt).

DBA Examples
We pay 7.5% of the revenue for taxable sales.