What does per diem mean

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Per diem means “per day” and refers to a daily allowance given to employees for expenses like meals, lodging, or travel while working away from home.

what does CCD stand for

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CCD stands for Cash Concentration and Disbursement, a type of electronic funds transfer used in corporate banking.

What is a ledger balance

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A ledger balance is the amount of money in a bank account at the end of a business day, reflecting all settled transactions.

What is a good miles per gallon

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Miles per gallon (MPG) measures a vehicle’s fuel efficiency. A good MPG varies by vehicle type, generally, 30 MPG or higher is considered efficient for cars.

What is an asset account

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An asset account is a type of account in accounting that records the value of items a business owns, such as cash, inventory, equipment, or property.

What is ASO in settlement

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ASO in settlement stands for Administrative Services Only, where an employer handles claim costs while a third party manages the administrative tasks.

what does a billing address mean

mailing address

Learn what a billing address is, why it’s important for payments, and how it helps verify your identity during transactions.

What does bi weekly pay mean

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Bi-weekly pay means getting paid every two weeks, usually 26 times a year. This blog covers how it works, its pros and how it compares to other pay schedules.

what is a work order

A work order is an official document that outlines tasks to be performed, often used in maintenance, manufacturing, and service industries.