Purchase Order, Inventory Management, QuickBooks API and 100+ apps
Choose business apps. Launch minutes. Tailor your ERP system instantly without any development.
Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Gross Profit
- What is the difference between gross margin and gross profit?
Gross Profit - What is the difference between gross margin and gross profit?
Gross margin is the difference between revenue and cost of goods sold (COGS), divided by revenue. ... "Gross margin" is often used interchangeably with "gross profit", however the terms are different: "gross profit" is technically an absolute monetary amount and "gross margin" is technically a percentage or ratio.
