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Monily Official Blog

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

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 […]
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 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. […]
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. […]
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

Accounting 101 for Small Business Owners

If you’ve just launched or are about to launch your online store, congratulations! It takes uncommon passion and perseverance to get to where you are today. […]
May 16, 2021

How to Read And Understand the Balance Sheet

If you want to know the health of a business, understanding balance sheets is very important the balance sheet should be your go-to statement. The balance […]
May 16, 2021

How Technology Will Dynamically Impact The Future of Accounting

echnology has aggressively changed the world around us and is predicted to impact the future of accounting. Businesses are able to understand their target market with […]
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

5 Ways a Bookkeeper Can Save You Money

Money, the world revolves around this small five-syllable word. We might not like to accept it or be proud of it but everything you have done […]
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

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 […]
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 […]
July 30, 2021
startup incubators

What Is a Startup Incubator

As newer businesses and startups pop up every day, startup incubators are becoming fashionable and practical options for many in terms of networking, mentoring, and scaling […]
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 […]
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 […]
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 […]