Blog – Monily

Monily Official Blog

Looking to learn more about all things bookkeeping and accounting? Have a browse through our blog.

June 16, 2021

Cash Flow Forecast: Understanding Your Numbers

As a business owner, it is very important that you know how much money you have left, and if it is sufficient to meet your short-term […]
June 13, 2021

7 Easy Steps To Safeguarding Your Business Against The Fake Invoice Fraud

Not only has COVID-19 impacted the health and economy of the world, but it has also forced criminals to resort to the only possible method of […]
June 13, 2021

Virtual CFO Services – Why Your Business Needs Them

Every business grows at a different rate. It’s one thing to know where to take your company next and the other how to get there. But […]
June 12, 2021
federal income tax rates 2021

2021 Federal Income Tax Brackets & Rates

In brief  There are seven tax brackets with 2021 federal income-tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%.  Your tax rate hinges on […]
June 11, 2021

The Growing Importance And The Role Of a Healthcare CFO

A healthcare chief financial officer (CFO),just like in any other industry or business, oversees all financial operations of the healthcare organization. From preparing financial statements and creating […]
June 11, 2021

What Does a Financial Controller Do And Should You Hire One?

Finding the time to handle strategic planning and maintaining day-to-day financials can prove to be a major challenge for CFOs, especially those managing businesses that are […]
June 11, 2021

A Small Business Guide To Payroll Management

Small business owners juggle a variety of different tasks on a daily basis, including growing their business, engaging with clients and other stakeholders, employing and overseeing […]
June 11, 2021

How Are Payroll Taxes Calculated – A Step-By-Step Guide

Now, more than ever, small business owners find computing payroll taxes increasingly challenging. Having to look after the intricacies of their business, and strategize for growth, […]
June 11, 2021

Small Business Tax Deductions Checklist For 2021

Starting a business is a big feat for many entrepreneurs, but keeping the ball rolling is a much bigger challenge. Besides other pain points, the ongoing […]
June 16, 2021

Cash Flow Forecast: Understanding Your Numbers

As a business owner, it is very important that you know how much money you have left, and if it is sufficient to meet your short-term […]
June 13, 2021

7 Easy Steps To Safeguarding Your Business Against The Fake Invoice Fraud

Not only has COVID-19 impacted the health and economy of the world, but it has also forced criminals to resort to the only possible method of […]
May 16, 2021

Importance Of Healthcare Accounting Services For Medical Practitioners

People hardly co-relate accounting with the healthcare industry. As a matter of fact, the accounting department is an integral part of any organization or practice setup […]
May 16, 2021

Why Is Proactive Financial Management So Important for Businesses?

No business owner starts their company without having a thorough plan for its execution and management. Understandably so, a business can never achieve its purpose if […]
May 16, 2021

Bookkeeping vs Accounting: The Difference Between Bookkeeping and Accounting

Bookkeeping and accounting are normally used interchangeably, but they are quite different. While their processes are much different, they both work to support a business throughout […]
May 16, 2021

9 Reasons Business Owners Should Consider Outsourcing Accounting

There is no doubt that accounting is one of the most time-consuming and complex operations in business management. Not only do you need to record all […]
May 16, 2021

Cash Flow Forecast: Understanding Your Numbers

As a business owner, it is very important that you know how much money you have left, and if it is sufficient to meet your short-term […]
May 16, 2021

The Importance of Bank Reconciliation and How to Automate It

Long term financial stability is paramount for every business, and every CEO looking to keep their business thriving for the long run will be aware of […]
May 16, 2021

The Four Basic Financial Statements And Their Purposes

If you are a business owner, you will probably be aware that there are four financial statements you need to prepare for your company. These four […]
May 16, 2021

Top 6 Small Business Bookkeeping Tips For Steady Financial Success

Introduction Efficient management of your small business accounting can help establish your success. Keeping your accounting and finances in order should be an achievable goal. You’ll […]
May 16, 2021

Bookkeeping vs Accounting: The Difference Between Bookkeeping and Accounting

Bookkeeping and accounting are normally used interchangeably, but they are quite different. While their processes are much different, they both work to support a business throughout […]
May 16, 2021

5 Tips on Managing Bookkeeping Effectively

Effective bookkeeping can be very time-consuming and complicated due to the many loopholes lying around in its process. Many business owners end up diverting their focus […]
May 16, 2021

How Much Do Bookkeepers Charge?

A bookkeeper helps a company maintain its financial documents and records. They uphold a stern responsibility of ensuring that every single aspect of your books and […]
May 16, 2021

What Does a Bookkeeper Do?

Maintaining records of your financial transactions is always incredibly important in any business. It is thus imperative to have someone reliable and efficient to manage this function. This is where the skills and expertise of a bookkeeper come to good use. So, let’s dive […]
May 16, 2021

Outsourced Bookkeeping Guide: Things To Know

Bookkeeping is undoubtedly, one of the most critical business functions that help drive a business towards success. This is one of the reasons why hiring an […]
May 16, 2021

Double-Entry Vs. Single-Entry Bookkeeping

Bookkeeping is a finance essential, and all this number crunching is the lifeblood of a company. As a business owner, your utmost priority is to make […]
May 16, 2021

Top 10 Common Bookkeeping Mistakes

Let’s be honest: bookkeeping isn’t fun, but it’s a crucial function that ensures your business continuously generates profits. While technology and the cloud have definitely made […]
June 12, 2021
federal income tax rates 2021

2021 Federal Income Tax Brackets & Rates

In brief  There are seven tax brackets with 2021 federal income-tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%.  Your tax rate hinges on […]
June 11, 2021

Small Business Tax Deductions Checklist For 2021

Starting a business is a big feat for many entrepreneurs, but keeping the ball rolling is a much bigger challenge. Besides other pain points, the ongoing […]
May 16, 2021

What Biden’s Reported Capital Gains Tax Hike Could Mean For Startup Employees

President Joe Biden’s American Families Plan seeks a historic tax hike on the investment returns of the top earners. The aim is to target the richest Americans […]
May 16, 2021

Startup Tax Filing – Things You Need to Know In 2021

With the tax season just around the corner, many startups and small business owners are concerned about not being able to timely track all the receipts […]
May 16, 2021

Startup Tax Prep – How to Find the Right Tax Provider In 2021

Many startup founders who take the DIY approach find themselves at a crossroads as tax season rolls in. The amount of time that goes into keeping […]
June 13, 2021

Virtual CFO Services – Why Your Business Needs Them

Every business grows at a different rate. It’s one thing to know where to take your company next and the other how to get there. But […]
June 11, 2021

The Growing Importance And The Role Of a Healthcare CFO

A healthcare chief financial officer (CFO),just like in any other industry or business, oversees all financial operations of the healthcare organization. From preparing financial statements and creating […]
May 16, 2021

What Is A CFO And What Benefits Do You Get From Outsourced CFO Services?

Knowing how to run your business is one thing. But knowing whether your business is actually making you money is a completely different topic. Business owners […]
May 16, 2021

CFO vs. Controller: What’s the Difference?

The controller versus CFO debate is a relatively new yet puzzling one. Some companies choose to have both a CFO and a controller in their workplace, while some prefer only […]
June 11, 2021

A Small Business Guide To Payroll Management

Small business owners juggle a variety of different tasks on a daily basis, including growing their business, engaging with clients and other stakeholders, employing and overseeing […]
June 11, 2021

How Are Payroll Taxes Calculated – A Step-By-Step Guide

Now, more than ever, small business owners find computing payroll taxes increasingly challenging. Having to look after the intricacies of their business, and strategize for growth, […]
May 16, 2021

10 Helpful Tips in Managing Payroll Effectively

Getting the employee’s payrolls processed on time is one of the major responsibilities of any business owner. However, it is also where usually the most mistakes […]
June 11, 2021

What Does a Financial Controller Do And Should You Hire One?

Finding the time to handle strategic planning and maintaining day-to-day financials can prove to be a major challenge for CFOs, especially those managing businesses that are […]
May 16, 2021

CFO vs. Controller: What’s the Difference?

The controller versus CFO debate is a relatively new yet puzzling one. Some companies choose to have both a CFO and a controller in their workplace, while some prefer only […]
May 16, 2021

Leveraging Outsourced Controller Services To Future-Fit Your Small Business

Your business is booming, money is constantly rolling in, you are making strides with acquiring new prospects and growing your client base. In the midst of […]
June 16, 2021

Cash Flow Forecast: Understanding Your Numbers

As a business owner, it is very important that you know how much money you have left, and if it is sufficient to meet your short-term […]
June 13, 2021

7 Easy Steps To Safeguarding Your Business Against The Fake Invoice Fraud

Not only has COVID-19 impacted the health and economy of the world, but it has also forced criminals to resort to the only possible method of […]
June 13, 2021

Virtual CFO Services – Why Your Business Needs Them

Every business grows at a different rate. It’s one thing to know where to take your company next and the other how to get there. But […]
June 12, 2021
federal income tax rates 2021

2021 Federal Income Tax Brackets & Rates

In brief  There are seven tax brackets with 2021 federal income-tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%.  Your tax rate hinges on […]
June 11, 2021

The Growing Importance And The Role Of a Healthcare CFO

A healthcare chief financial officer (CFO),just like in any other industry or business, oversees all financial operations of the healthcare organization. From preparing financial statements and creating […]
June 11, 2021

What Does a Financial Controller Do And Should You Hire One?

Finding the time to handle strategic planning and maintaining day-to-day financials can prove to be a major challenge for CFOs, especially those managing businesses that are […]
June 11, 2021

A Small Business Guide To Payroll Management

Small business owners juggle a variety of different tasks on a daily basis, including growing their business, engaging with clients and other stakeholders, employing and overseeing […]
June 11, 2021

How Are Payroll Taxes Calculated – A Step-By-Step Guide

Now, more than ever, small business owners find computing payroll taxes increasingly challenging. Having to look after the intricacies of their business, and strategize for growth, […]
June 11, 2021

Small Business Tax Deductions Checklist For 2021

Starting a business is a big feat for many entrepreneurs, but keeping the ball rolling is a much bigger challenge. Besides other pain points, the ongoing […]