Integrate with Method CRM to give everyone complete visibility into your business performance without impacting your financial data. Method centralizes your lead and customer data to give your whole team the full picture — without the risk of needing to unreconcile the mistakes your non-accountants are bound to make. We advise you to proceed with…

The income statement equation is sales minus expenses and adjustments equals net income. This is why the common size income statement defines all items as a percentage of sales. The term “common size” is most often used when analyzing elements of the income statement, but the balance sheet and the cash flow statement can also…

However, the accrual system may be better for complete accuracy regarding yearly revenue. Specifically, it focuses on when money is received, or expenses get paid, which may not occur exactly when these items are accrued. The cash basis is simple and straightforward, especially for small business owners like solo lawyers who don’t have a lot…

While it is possible to change from cash to accrual accounting or method of accounting for llc vice versa, it can be challenging. So, ensure you know the difference between cash and accrual accounting methods before filling in this section. Depending upon the nature of its business, there are a variety of state taxes an…

This can be done online using the Singaporean government’s official automatic data processing platform – BizFile+. You will need a company name, a description of business activities, shareholder details, and a registered address. Additionally, different business structures will require different processes and requirements to register. Common business structures are Private Limited Companies (similar to Limited…

Because we assume a+bx to be the expected value of Y|X, we also conjecture that all means lie on the regression line a+bx. Think of it this way, if the real means didn’t lie on a line, is it sensible to use linear regression? In practical machine learning, one takes the existence of linearity as…