Controller Services Archives - Monily

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

September 13, 2021

A Guide To Banking Options For Startups In 2021

One of the major challenges of operating a business is managing your money. From receiving payments to covering expenditures, you need a bank account to accomplish […]
September 13, 2021

The Role Of a CFO In Startups

Whether a CFO is essential for a startup has been endlessly debated but the jury’s still out. While some believe a well-trained financial team can handle […]
September 5, 2021
iot startup ideas

5 Great Internet Of Things Startup Ideas

What started as a project for the military to communicate during combat has now spread to every facet of our existence. Devices such as the personal […]
September 5, 2021
accountant on demand

Top10 Ways How Accountants On Demand Can Help Your Business

An accountant is one of the most crucial assets a business can have in its arsenal. A lack of management over one’s accounts is a major […]
September 3, 2021
white label accounting services

What Are White Label Accounting Solutions And Why Your Business Needs Them?

Many fintech service providers are developing and licensing off-the-shelf accounting and financial management systems to startups, thus seeking high-scale growth. They can now tap into a […]
August 27, 2021
tax liability

What Is Tax Liability And How To Calculate It

Benjamin Franklin once said, “in this world, nothing is certain except death and taxes.”. Whether you are employed, self-employed, or operate your own business, you will […]
August 27, 2021
startup valuation

Understanding The Common Startup Valuation Methods

Both investors and young entrepreneurs need to understand how to value startups.  Startup valuation is critical for businesses that are at a pre-revenue phase. It determines […]
August 26, 2021
how to raise money for startup

12 Ways To Raise Money For a Startup

Once you plan out a great business idea, the next step is to figure out how to raise money for your startup. Even startups with the […]
August 26, 2021
owner's equity

Owner’s Equity: What Is It And How Do You Calculate It?

Most startup and small business owners tend to focus most of their time and efforts on understanding assets and liabilities while not considering “equity” as an […]
September 3, 2021
white label accounting services

What Are White Label Accounting Solutions And Why Your Business Needs Them?

Many fintech service providers are developing and licensing off-the-shelf accounting and financial management systems to startups, thus seeking high-scale growth. They can now tap into a […]
August 26, 2021
owner's equity

Owner’s Equity: What Is It And How Do You Calculate It?

Most startup and small business owners tend to focus most of their time and efforts on understanding assets and liabilities while not considering “equity” as an […]
August 20, 2021
bookkeeping tips

Top 10 Accounting And Bookkeeping Tips All Freelancers Need To Know

Freelancing is a viable career option for people who enjoy working at their own pace. As a freelancer, you’re an independent contractor which makes you your […]
August 20, 2021
accounting abbreviations

Top 100 Accounting Abbreviations And Terminologies You Should Know

Listening to an accountant speak can often leave you confused, because of various accounting abbreviations and acronyms that they tend to use. Accountants have a second […]
August 20, 2021
asset vs equity

Assets Vs Equity – Difference Between Assets And Equity

If you’re a business owner but don’t have a substantial finance or accounting background, terminologies like liabilities, assets, and equity might confuse you. However, while managing […]
August 5, 2021
Account Payable Vs. Accounts Receivable

Account Payable Vs. Accounts Receivable

July 27, 2021
how to calculate depreciation

What Is Depreciation? And How Do You Calculate It?

If you have recently launched your business or have been running one for years, you must have a fair idea of how business assets and resources […]
July 8, 2021
accounts receivables process

Accounts Receivable Process Explained: Everything You Need to Know

If you are a small business owner who intends to switch from cash to credit method of selling, be prepared to deal with concerns like “what’s […]
July 2, 2021
how to calculate net income

How To Calculate Net Income

The bottom line on a company’s income statement is often the best way to gauge its financial health and foresee a profitable future – if any. […]
August 20, 2021
bookkeeping tips

Top 10 Accounting And Bookkeeping Tips All Freelancers Need To Know

Freelancing is a viable career option for people who enjoy working at their own pace. As a freelancer, you’re an independent contractor which makes you your […]
July 27, 2021
how to calculate depreciation

What Is Depreciation? And How Do You Calculate It?

If you have recently launched your business or have been running one for years, you must have a fair idea of how business assets and resources […]
July 20, 2021
truckers bookkeeping

6 Bookkeeping Tips for Truckers: The Basics

Bookkeeping is an essential first step towards staying organized in the trucking business. Apart from the daily tasks of running a trucking business, the back-office duties […]
July 2, 2021
how to calculate net income

How To Calculate Net Income

The bottom line on a company’s income statement is often the best way to gauge its financial health and foresee a profitable future – if any. […]
July 1, 2021
difference between debit and credit

Difference Between Debit and Credit – Bookkeeping Basics Explained

In accounting, the terms “debits” and “credits” might get confusing at times. This gets even trickier if you are a small business owner with no prior […]
June 23, 2021
medical bookkeeper

Making Bookkeeping Easier For Healthcare Providers

Whether you are the CEO of a healthcare facility or you are a doctor running a private medical practice, you must already be aware of how […]
June 18, 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 18, 2021
cogs vs expenses

COGS vs Expenses: What’s the Difference?

One of the frequently asked questions with regard to business spending is whether the Cost of Goods Sold (COGS) and operating expenses are the same thing. […]
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 […]
August 27, 2021
tax liability

What Is Tax Liability And How To Calculate It

Benjamin Franklin once said, “in this world, nothing is certain except death and taxes.”. Whether you are employed, self-employed, or operate your own business, you will […]
August 20, 2021
how long to keep business tax records

How Long To Keep Business Tax Records And Receipts?

The basic rule of business management requires you to keep your financial statements ready at all times. It allows you to keep tabs on your expenses, […]
July 15, 2021

Filing Business Back Tax Returns In 2021 – A Complete Guide

Filing your tax returns as a small business owner for the first time is as exciting as it is overwhelming. You try your best to file […]
July 9, 2021
tax tips 2021

10 Tax Tips For Tax Filing in 2021

The third quarter of 2020 taxes is due on September 15, 2021. How prepared are you to file your taxes? Are your books in good shape? […]
June 25, 2021
capital gains calculator

Capital Gains Tax Calculator – How To Calculate Capital Gains Tax in 2021

Are you planning to sell your stocks for a profit? Sounds great. But don’t count your chickens before they hatch. Making money on an investment in […]
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 […]
September 13, 2021

The Role Of a CFO In Startups

Whether a CFO is essential for a startup has been endlessly debated but the jury’s still out. While some believe a well-trained financial team can handle […]
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 […]
September 13, 2021

A Guide To Banking Options For Startups In 2021

One of the major challenges of operating a business is managing your money. From receiving payments to covering expenditures, you need a bank account to accomplish […]
September 13, 2021

The Role Of a CFO In Startups

Whether a CFO is essential for a startup has been endlessly debated but the jury’s still out. While some believe a well-trained financial team can handle […]
September 5, 2021
iot startup ideas

5 Great Internet Of Things Startup Ideas

What started as a project for the military to communicate during combat has now spread to every facet of our existence. Devices such as the personal […]
August 27, 2021
startup valuation

Understanding The Common Startup Valuation Methods

Both investors and young entrepreneurs need to understand how to value startups.  Startup valuation is critical for businesses that are at a pre-revenue phase. It determines […]
August 26, 2021
how to raise money for startup

12 Ways To Raise Money For a Startup

Once you plan out a great business idea, the next step is to figure out how to raise money for your startup. Even startups with the […]
August 12, 2021
tech startup idea

7 Best Profitable Tech Startup Ideas To Watch For In 2021

The most successful tech startup ideas are those that offer a profitable solution to a pressing problem and make the world a better place. The best […]
August 12, 2021
name for startup

12 Tips For Naming Your Startup

In a recent study by the U.S. Small Business Administration, it was noted that barely half of all new firms make it past the first five […]
August 12, 2021
startup budget

Annual Budgeting Guide For Startups

If you are tired of your 9 to 5 job with minimal benefits and dream of investing in your own startup, this article will help you […]
August 6, 2021
startup tools

Top 12 Best Tools For Startups In 2021

If you are a startup founder, you are no stranger to the numerous obstacles and challenges all small business owners face – especially in the current […]
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 […]