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Monily Official Blog

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

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, asset, and equity might confuse you. However, while managing […]
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, […]
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 5, 2021
Account Payable Vs. Accounts Receivable

Account Payable Vs. Accounts Receivable

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 […]
July 30, 2021
reduce operating costs

How To Reduce Your Startup’s Operating Expenses

With the COVID-19 delta variant spreading rapidly and fueling new outbreaks in the U.S., economic recovery is expected to slow down again. For small businesses that […]
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

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

How to Read A P&L Statement and What Is It Used For?

The P&L (Profit and Loss) statement is a financial statement/tool that displays the revenue earned and expenses incurred by a business in a specific period. It is often referred to as an Income Statement, as it also shows the profits generated by […]
May 16, 2021

How to Set and Achieve Financial Management Goals?

The year 2020 has been quite challenging across industries and businesses globally. Stock markets saw a bearish trend for several months. Rise in unemployment rates, increase […]
May 16, 2021

How to Hire An Accountant for Your Business?

Managing finances for your business can get tricky sometimes, especially when you aren’t knee deep in the process of debits, credits and recording transactions. Yet it […]
May 12, 2021

Balance Solvency Vs Liquidity For Your Business

Managing finances can be a very challenging task, particularly during the time of expansion when your company is constantly accruing debt. Efficient financial management not only […]
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 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, asset, and equity might confuse you. However, while managing […]
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, […]
August 14, 2021

Webinar Bookkeeping Struggles for Startups

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 […]
August 5, 2021
Account Payable Vs. Accounts Receivable

Account Payable Vs. Accounts Receivable