expenses

Samsung plans to increase the use of Exynos processors in its Galaxy smartphones and tablets in 2024. The company is considering this move to keep costs down as chip prices increase globally. We might see MediaTek and Qualcomm chips in fewer Galaxy devices this year. Samsung plans to put its Exynos processors in more Galaxy devices Despite manufacturing Exynos processors in-house, Samsung uses chips from MediaTek and Qualcomm in a lot of Galaxy devices. Its foldables have always used Qualcomm’s Snapdragon processors,…

If you own an Apple Card, you know managing your spending with a third-party app can be a challenge. While users could previously take advantage of Mint, the service is in the process of being shut down. Thankfully, with iOS 17.4, Apple has added a new FinanceKit framework so third-party developers can help you manage your Apple Card spending. Today is an exciting day as you can now sync your Apple Card, Apple Cash, and Savings accounts with financial management apps on the App Store leveraging our new…

VenmoIf you've ever needed to split a payment with multiple people -- whether it's a dinner bill or the rent -- you know how challenging it can be to get those shared payments sorted out. Typically, the person who is making the payment has to chase down their friends/roommates/dining companions for their shares -- or simply take the loss. Venmo's new feature tackles that issue. On Tuesday, Venmo introduced Venmo Groups, an in-app feature that allows users to manage expenses among groups of people, making it easier to…

IBM failed to properly cover work-from-home expenses incurred by employees during the COVID-19 pandemic, a state appellate court ruled, potentially creating a legal pathway for similar action against other companies.The 3-0 ruling Tuesday by the California 1st District Court of Appeal overturns a lower court decision in a class-action lawsuit involving thousands of IBM employees.“We always thought the trial judge got it wrong, and now the court of appeals has confirmed our belief that the stay-at-home orders do not…

Improve Article Save Article Like Article Improve Article Save Article Like Article Outstanding expenses refer to those expenses which relate to the current accounting period but have not been paid so far. These expenses lead to an increase in liability for a firm. Some of the types of these expenses are Outstanding wages, Outstanding salaries, Outstanding Interest on loan, etc. All these expenses have to be taken into account for computing the current Profit/Loss of a firm. These are debited to Profit and Loss A/c…

Improve Article Save Article Like Article Improve Article Save Article Like Article Prepaid expenses refer to those expenses which are paid in advance by the firm but the benefit of which are availed in the next accounting period. So, these expenses have to be adjusted, which have not been incurred in the current accounting period to know the true figure of Profit/ Loss.Adjustment:A. If Prepaid Expenses are given outside the trial balance: In such case, two entries will be passed:Will be deducted from the related…

India's QR and mobile payments pioneer Paytm is among some of the fintech companies worldwide to record the highest growth in gross profit while also keeping expenses in check, according to a report by Dutch payments consultancy Flagship Advisory Partners.The report highlights that Paytm's gross profit saw an impressive growth of over 200% between 2021 and 2022, while its operating expenses only increased by 60%. Paytm was among the few global companies to witness gross profit growth outpacing operating expense growth.…

Are you spending way too much on employee expenses? If yes, you are far from alone. While you know that your team needs access to funds if they are going to be able to carry out their jobs to the best of their abilities, what do you do when your employee spending becomes untenable? Read on to discover 5 simple ways that you can save money on employee expenses without it having a negative effect on your business and workplace morale.   Put clear spend processes in place If you are making it…

In formally asking a judge to order Jason Sudeikis to start paying child support, Olivia Wilde has opened a window into how the rich and famous spend their money and perhaps get in over their heads when it comes to monthly expenses. In legal documents related to Wilde’s bitter and protracted custody fight with ex-fiance Sudeikis, the actor and director said she “has borne the lion’s share of the expenses” for their 8-year-old son and 6-year-old daughter since she and the “Ted Lasso” star split in November 2020. This has…

According to Reuters, the well-known streaming device maker Roku intends to cut 200 more jobs as part of ongoing cost-cutting efforts. The action follows the company’s announcement in November. It said that it’d cut 5% of its staff due to the challenging landscape of the advertising industry.The new job cuts account for 6% of total Roku employees and will affect a number of divisions. Roku also said it would leave and sublease office facilities that are not in use anymore. Following the announcement, the company’s shares…