Bookkeeping

Introduction to Multiple Linear Regression

admin2025-04-04T21:21:19+00:00Each split tries to reduce the variance in the target variable. It’s useful for predicting things like house prices based on size. Linear regression assumes a clear link between the input and output. The degrees of freedom for the numerator is \(p_C - p_R\) and...

Terminal Value Explained: Formula, Calculation & Growth Rate

admin2025-04-10T10:46:32+00:00A terminal growth rate is usually in line with the long-term inflation rate but not higher than the historical gross domestic product (GDP) growth rate. Investors can assume that cash flows will grow at a stable rate forever to overcome these limitations starting at some...

Understanding Common Normalizing Adjustments in the Financial Due Diligence Process Accountants and Advisors

admin2025-04-07T17:07:14+00:00When a company expands, it may need to invest heavily in new equipment or facilities. These expenses can distort the company’s financial statements, making it look less profitable than it actually is. By normalizing for these expenses, investors can get a better sense of the...

Waver or Waiver? Understanding the Differences

admin2025-04-03T11:33:57+00:00A waiver is a document recording the waiving of a right or claim. But you cannot waiver over having to waver — that waiver is a noun after all. The word waive with an i means to voluntarily give up a right that you’re permitted to...

Bookkeeping in Philadelphia PA

admin2025-04-09T23:20:29+00:00Paying bills can be a time consuming process - gathering, entering, categorizing, and then paying vendors. We will work with you to make sure bills are tracked accurately and your vendors are paid on time. Bookminders has devoted over 30 years to serving the nonprofit...

What does biweekly mean? Definition and examples

admin2025-04-08T13:54:19+00:00Semi-weekly dates to 1791 (the prefix semi- meaning ‘half’) and biweekly to 1865 (the prefix bi- meaning ‘two’). Biweekly is commonly used to mean both “twice a week” and “every two weeks.” To avoid confusion, it’s a good idea to clarify exactly which one you...

Comprehensive Guide to Mental Health Billing

admin2025-04-10T10:30:04+00:00 With virtual therapy sessions more common than ever, using the right modifier is essential for getting reimbursed for telehealth. Ever had a session with a new client, only to find out later their insurance won’t cover it? Now you’re stuck in the awkward position of...

Revenue Definition, Formula, Example, Role in Financial Statements

admin2025-04-06T12:21:34+00:00Comparing margins across companies and time periods highlights operational efficiencies. Fundamental analysis incorporates both revenue and net income trajectories to forecast future cash flows and stock valuation ranges. Understanding the distinct meanings and business contexts of Revenue and profit allows for a more accurate interpretation...

How to Create a Lasting Business Budget in 7 Steps

admin2025-04-02T08:50:57+00:00 In this approach, senior management defines the overall project budget, which is then distributed among teams and tasks. The focus is on ensuring strategic alignment with organizational goals. Once you have a clearer understanding of the costs, the next step is to structure Accounting...

What is an Invoice Number? A Beginner’s Guide

admin2025-03-13T11:36:58+00:00 Critical documents like invoices impaired by errors reflect poorly on a company’s image and allow dishonest customers to evade payment. By adhering to the provided suggestions, businesses can navigate away from these challenges and ensure accurate and professional invoicing practices. Assigning invoice numbers helps tax...