Revenue and Gross Profit First, consider the meaning behind the revenue and gross profit numbers on your income statement. Revenue equals all the income generated by sales of products or services during a period. It includes both cash purchases and purchases on account if you use the accrual accounting system and record revenue when it is earned.
With the introduction of taking EMV transactions on the devices themselves, there will NOT be any Test Mode available on our Clover Mobile and Clover Mini devices. If you would like to run a test transaction the devices, please run a small (i.e. $1.00) transaction within Sale app and refund the amount right afterwards.
Transaction Fee While uncommon, some gift cards charge a fee every time the card is used. The Montgomery County Office of Consumer Protectionâs 2007 survey noted transaction fees ranging from 35Â¢ to $2.50 on some cards. Shipping Fee Gift cards purchased online or over the phone may charge a shipping fee.