Glossary terms starting with N

Net 30

Net 30 is a payment term requiring full invoice payment within 30 days of the invoice date, representing standard business credit terms.

Net income

Net income is your business's total profit after all expenses, taxes, and costs are subtracted from revenue.

Net Investment Income Tax

The net investment income tax, often abbreviated NIIT, is a 3.

Net Operating Loss

A net operating loss (NOL) occurs when tax deductions exceed taxable income, creating a loss that can be carried forward to offset future taxable income.

Net Pay

Net pay is the amount an employee receives after taxes, deductions, and withholdings are subtracted from gross pay.

Net Profit Margin

Net profit margin is the percentage of revenue remaining after all expenses, taxes, and costs are deducted.

Net Revenue Retention (NRR)

Net revenue retention measures total revenue from existing clients compared to the prior period, accounting for expansions, contractions, and churn.

Net Terms

Net terms specify when payment is due after an invoice is issued.

Net Working Capital

Net working capital is current assets minus current liabilities.

Non-Billable Time

Non-billable time is staff time that is not charged to a client, such as internal meetings, training, administration, marketing, and business development.

Non-Exempt Employee

A non-exempt employee is a worker entitled to overtime pay at 1.

Nonresident Withholding

Nonresident withholding is state tax a pass-through entity must withhold and remit on income allocated to owners who do not live in that state.

NSF Check

An NSF check, or non-sufficient funds check, is a check that bounces because the payer's account lacks funds to cover it.

NSF Fee

An NSF fee, or non-sufficient funds fee, is a charge assessed when a payment is attempted but the account lacks adequate funds to cover it.