How do I change Net Revenue to be Net Income? Net Operating Revenue to be Net Operating Income, etc. The financial statement are using the wrong captions.

Hi, @tedschultz45.

Allow me to share with you some information about these accounting terms.

Each term plays a role in your financial report. The Net Revenue (net sales) is the total amount of income you earn from business operations minus any adjustments, such as accounting for returns, refunds, and discounts. While Net Income is your income after all eligible business expenses. Net income goes even further than net gross margin because you deduct all other expenses, including overhead and taxes.

On the other hand, the Net Operating Income is your revenue through daily sales of operating your business.

At this time, I would recommend contacting your accountant to discuss more your accounting books and your financial reports.

I'm also adding these link for your additional resources:

• Net Revenue vs. Gross Margin vs. Net Income
• What is net income and how does it affect your bottom line

For more tips, while working with QuickBooks, you can also review the topics from our help articles.

If you have any other questions about your reports, please let me know by adding a comment below. I'm always here to help.