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Monily Official Blog

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

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 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? […]
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. […]
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 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 10, 2021

A Detailed Guide To Ecommerce Accounting

Get the Cash Flowing For many small business owners, accounting for ecommerce is undoubtedly one of the hardest parts of the online business experience, but it is also […]
August 3, 2021

Bookkeeping Basics for Entrepreneurs

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 […]
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 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? […]
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. […]