Monily - Your Bookkeeping & Accounting Partner
March 24, 2023
payroll calculations

How To Do Payroll Calculations? Complete Guide for Employers

As an employer, payroll calculations seem daunting at first, but with the right information, it can be a straightforward process. Several factors to consider when calculating […]
March 23, 2023
outsourced bookkeeping benefits

What Are Top 9 Outsourced Bookkeeping Benefits?

Have you ever found yourself buried under a pile of receipts, invoices, and financial statements, struggling to keep up with your business’s bookkeeping? If so, you’re […]
March 21, 2023
What Is IRS Form 941 Filling Tips For Small Businesses

A Complete Guide To IRS 941 Form Submission

What is the IRS 941 Form? 941 form is a quarterly tax form used by employers in the USA to report withholding taxes from employees’ wages, […]
March 17, 2023
what is accounting equation

What Is The Accounting Equation, And How Do You Calculate It?

1. What is Accounting Equation? The Accounting Equation is a fundamental principle in accounting that represents the relationship between a company’s assets, liabilities, and Equity. The […]
March 16, 2023
What Is Supplemental Pay Meaning & How It Affect Taxes

What Is Supplemental Pay? Meaning, Tax, Types, and Examples

What Is Supplemental Pay? Supplemental pay is any form of compensation, paid to employees apart from their regular wages or salary. That includes bonuses, overtime pay, […]
March 15, 2023
expense report

What Is Expense Report And How Does It Benefit Small Businesses?

Expense report is a document used to record and report business expenses incurred by an employee during work-related activities. It typically includes information such as the […]
March 10, 2023
What Is Inventory Valuation and Why Is It Important

What Is Inventory Valuation And Why Is It Important

What Is Inventory Valuation    Inventory valuation determines the value of a company’s inventory or stock at a particular time. This valuation is important for financial reporting […]
March 9, 2023
Recourse vs Non-Recourse Loan What's the Difference

Recourse Vs. Non-Recourse Loans

When it comes to borrowing money, it’s essential to know the terms of the loan agreement. One key distinction is that a borrower should know the […]
March 7, 2023
Incidental Expenses- Definition, Types and Examples

What Are Incidentals Expenses (IE)?

Incidental expenses (IE) are also known as incidentals. They are the minor fee and the main cost of the services, items, or any paid event during […]