Business Income refers to the money a company earns from its normal operations. This includes revenue generated from selling goods or services, as well as any other income related to the business activities. It is a crucial measure of a company's financial performance and is often reported on financial statements. Calculating Business Income involves subtracting the costs of goods sold and operating expenses from total revenue. This figure helps business owners understand profitability and make informed decisions about future investments, budgeting, and growth strategies. Accurate tracking of Business Income is essential for effective financial management.