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Summary: Chase Bank Account

Satisfactory Essays

App stores and Google Admob deposit in-app purchase and advertising revenues directly into the business’ Chase Bank account. This direct deposit of revenue will eliminate the need to collect receivable from either of these revenue streams. Photo payments will be processed through Stripe. Purchases will be made through our app with a portion of the money directly going to M-Pix through Stripe. Our vendors will pay us through directly per click. We will manage their accounts and collect revenues monthly as they accrue.
For salary, wage, and benefit payables, two weeks’ worth of expenses are carried over into the following month. For convenience, Simplete calculates depreciation using MACRS depreciation method. IT equipment will be depreciated

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