Credit card transaction fees for Visa, Mastercard and Discover start at 2.9% + $0.60 per transaction. American Express transactions start at 3.4% + $0.60 per credit card transaction. In addition to its accounting software, Wave offers paid services, including Wave … Continued
When you’re through, the ending retained earnings should equal the retained earnings shown on your balance sheet. Between 1995 and 2012, Apple didn’t pay any dividends to its investors, and its retention ratio was 100%. The statement of retained earnings … Continued
The dividends are the amount which has been declared for the year not the amount paid during the year. The below snapshot shows the Consolidated shareholder’s equity statement for Accounting For Architects Apple Inc. for the year ended 2018. Whether … Continued
While the traditional accounting software, for the most part, only requires you to invest one time the cost is often huge, especially with the limitations that come from not being able to access it from anywhere. Cloud based accounting software … Continued
Growfin is an accounts receivable automation software that targets unicorns and growth-stage startups. AR is its central focus, but Growfin is designed to be used in tandem with other accounting and finance tools. It uses AI and machine learning to … Continued
Businesses must be especially careful in making these investments since buildings and land are immovable and can’t be easily substituted. Later on, the company will charge the depreciation according to the method of depreciation it usually follows. 18,000 USD must … Continued
On the other hand, when a company generates surplus income, a portion of the long-term shareholders may expect some regular income in the form of dividends as a reward for putting their money into the company. Traders who look for … Continued
This means that when you make a debit entry to an asset account. While a debit balance occurs when the debits exceed the credits. Debit pertains to the left side of an account, while credit refers to the right. The … Continued
The verb consign means “to send”, and therefore the noun consignment means “sending goods to another person”. In the case of retail consignment or sales consignment (often just referred to as a “consignment”), goods are sent to an agent for … Continued
The difference between the actual direct rate and the expected, standard labor rate is called the direct labor rate variance. The company lists their inventory as having 30 vending machines, 8 claw machines, and 4 massage chairs in this location. … Continued