Differences and Similarities
People often confuse themselves differentiating between Bank of America and Merrill lynch. Both companies, as a matter of fact, belong to the same company: Bank of America. Merrill Lynch is a branch of Bank of America. Bank of America. It is often abbreviated as BofA, it is an American multinational bank providing financial services globally. … Read more
Bank transactions are always handled by financial corporations. Two of the most popular worldwide are Visa and Mastercard. Both act as middleman between customer and retailer. They act as a payment network and regulate or process every payment made via debit or credit card. It is important to remember these companies ARE NOT BANKS, nor … Read more
Banking is one of the most demanding activities around the globe. There are a lot of competitors in this filed, every institution providing its unique services to their customers. Chase and JP Morgan are some of the leading banks in the United States. They both have similarities as well as differences. Chase (Chase Manhattan Bank). … Read more
When working to build up or grow your business, you will be most likely in the need of hiring accounting services. There are many companies and financial planning software options for you. For example, QuickBooks and FreshBooks. These two can help you to streamline your accounting, bookkeeping and overall business management processes. These softwares are … Read more
Things like a loan and mortgage have become so commonplace in modern settings that even the distinction between the two has become muddled. Both are common forms of liabilities and can come in types as well. Here, we will discuss the difference between a loan and mortgage Loan A loan is finances, property or other … Read more
There are different terms and actions taken in the investment world and this includes the limit order and stop order. These two terms may seem similar at a glance but they can have a significant distinction in trading. In this article, we will examine the differences between a limit order and stop order. Limit Order … Read more
In finance, a lease is a contract wherein a person or property grants property, services, etc. for a specified period of time in exchange of payment. There are two types of accounting methods when approaching leases – capital lease and operating lease. In this article, we will discuss the distinction between the two. Operating Lease … Read more
When applying for an account in the bank, you are given several options. Each bank has a different set of offerings to give, but the constant selections are the savings and checking accounts. Here, we will discuss the differences between a savings account and a checking account. Savings Account A savings account is more of … Read more
Different countries use different methods of approach in different fields, including accounting. The U.S. GAAP and IFRS are two accounting standards and guidelines that provide a basis for a clear and uniform accounting process. Here, we discuss the differences between the U.S. GAAP and IFRS. U.S. GAAP U.S. GAAP stands for “U.S. Generally Accepted Accounting … Read more
Different industries have various technical terms and jargon. This can cause some confusion especially when the terms used are almost synonymous in regular language. In this article, we will discuss how the terms partner and associate differ in the context of law and accounting. Partner A partner in business is generally a part-owner of a … Read more