What is the total amount left after covering all expenses known as?

The total amount left after covering all expenses is referred to as net profit. This figure is crucial because it provides a clear indication of a company's financial health and profitability after all costs have been deducted from total revenue. Net profit reflects what remains from revenue after all operating expenses, interest, taxes, and any other expenditures are subtracted.

Understanding net profit is essential for evaluating a business's performance, as it shows how effectively a company is managing its expenses relative to its revenue. Net profit can also be reinvested into the business, distributed to shareholders, or retained as savings for future expenses.

In contrast, the other terms represent different financial metrics: gross revenue refers to the total income before any expenses are deducted, operating income is the income generated from regular business operations before interest and taxes, and gross profit is the revenue after deducting the cost of goods sold but before other operating expenses are considered. Therefore, net profit stands out as the definitive measure of profitability following the coverage of all expenses.