Par Value Stock vs No-Par Value Stock: What’s the Difference?

 Posted on Posted on: 05.02.2024Categories Business Accounting Blog

That equals about 99%, which is the percentage of par value investors should be willing to pay for the older issue. A stock’s par value states the minimum amount the company will sell its shares for. Not all states require companies to provide a par value for their common stock. One of the only circumstances … Continue reading “Par Value Stock vs No-Par Value Stock: What’s the Difference?”

JIT Definition & Meaning

 Posted on Posted on: 05.02.2024Categories Business Accounting Blog

In particular, Eurojust helps to identify and resolve issues, coordinate investigative and prosecutorial strategies between the partners, and enable the coordination of joint operations. For example, by organising and hosting coordination meetings and setting up coordination centres. In complex and time-sensitive cross-border investigations, speed and efficiency are of the essence. However, in many cases, the … Continue reading “JIT Definition & Meaning”

International Financial Reporting Standards Wikipedia

 Posted on Posted on: 02.02.2024Categories Business Accounting Blog

IFRS are the standard in over 100 countries, including the EU and many parts of Asia and South America. The United States, however, has not yet adopted them and the SEC is still deciding whether or not they should move toward them as the official standard of accounting. Be sure your accounting solution is equipped … Continue reading “International Financial Reporting Standards Wikipedia”

Consignment Definition, Meaning & Working Model Zoho Inventory

 Posted on Posted on: 02.02.2024Categories Business Accounting Blog

Since this commission comes out of the share returned to the owner or producer of the goods sold, it can reduce their profits significantly. Selling on consignment is a great option for an individual or business that does not have a brick-and-mortar presence, although consignment arrangements can also exist in cyberspace. To a certain degree, … Continue reading “Consignment Definition, Meaning & Working Model Zoho Inventory”

Role & Responsibility of a COO UMD Online Degree

 Posted on Posted on: 02.02.2024Categories Business Accounting Blog

If we want to explain the difference between CEO and COO in one sentence, we’d say that CEOs are in charge of where the company is going, while COOs are in charge of how the company will get there. In other words, the CEO has a vision for the company and the COO executes it. … Continue reading “Role & Responsibility of a COO UMD Online Degree”

ARREARS Definition & Usage Examples

 Posted on Posted on: 02.02.2024Categories Business Accounting Blog

As noted above, arrears generally refers to any amount that is overdue after the payment due date for accounts such as loans and mortgages. Accounts can also be in arrears for things like car payments, utilities, and child support—any time you have a payment due that you miss. Paying in arrears is often beneficial to … Continue reading “ARREARS Definition & Usage Examples”

Accounts receivable Wikipedia

 Posted on Posted on: 02.02.2024Categories Business Accounting Blog

Booking a receivable is accomplished by a simple accounting transaction; however, the process of maintaining and collecting payments on the accounts receivable subsidiary account balances can be a full-time proposition. Depending on the industry in practice, accounts receivable payments can be received up to 10–15 days after the due date has been reached. These types … Continue reading “Accounts receivable Wikipedia”

CEO English meaning

 Posted on Posted on: 01.02.2024Categories Business Accounting Blog

In the case of a limited liability company, an executive officer is any member, manager, or officer. The responsibilities of an organization’s CEO are set by the organization’s board of directors or other authority, depending on the organization’s structure. They can be far-reaching or quite limited, and are typically enshrined in a formal delegation of … Continue reading “CEO English meaning”

2023 Social Security Wage Base Increases to $160,200

 Posted on Posted on: 01.02.2024Categories Business Accounting Blog

While the employee is only subject to Social Security tax on the first $160,200 in 2023 ($168,600 in 2024), they will have to pay 1.45% Medicare tax on the entire $170,000. Individuals who earn more than $200,000 are also subject to a 0.9% additional Medicare tax. If you are self-employed, you pay Social Security taxes … Continue reading “2023 Social Security Wage Base Increases to $160,200”

2023 Social Security Tax Limit Increase

 Posted on Posted on: 01.02.2024Categories Business Accounting Blog

The OASDI tax is the amount of money taken from your earned income to pay for Social Security benefits. You give up a portion of your salary, and your employer has to pay a matching portion as well. Employees and their employers across the country pay to fund the benefit payments that retirees receive. Over the … Continue reading “2023 Social Security Tax Limit Increase”