Farwah Jafri, Author at Monily

Farwah Jafri

January 18, 2024
netsuite accounting

How Powerful is NetSuite for Bookkeeping Services?

NetSuite is a single, cloud-based platform that provides businesses with enterprise-grade tools to manage all their operations. The enterprise software company, NetSuite, known for having began […]
January 9, 2024
What’s the Difference between 1099-NEC and 1099-MISC

What’s the Difference between 1099-NEC and 1099-MISC? What’s the Deadline to File 1099s?

It’s easier to set up a business and even run it to achieve business goals, but there’s a lot more to running a business than just […]
December 19, 2023
Your Detailed Guide to K-2 and K-3 Tax Forms

Your Detailed Guide to K-2 and K-3 Tax Forms

Tax season can be a disorienting time for many, where you feel like you’re faced with an alphabet soup of forms and numbers. If you’ve heard […]
November 28, 2023
What is Salvage Value, and How to Calculate After-Tax Salvage Value

What is Salvage Value, and How to Calculate After-Tax Salvage Value?

What is Salvage Value?   Salvage value is the remaining book value of something valuable (like a machine or equipment) after it has gone through wear and […]
November 17, 2023

Personal Bookkeeping Services Guide for Small Businesses

No matter what they do, small businesses will always require help with their financial records. If you’re considering becoming a bookkeeper, our guide can help you […]
November 3, 2023

Are Retained Earnings, Assets or Liabilities?

How can you see a snapshot of your business’ financial situation at any time? You can use a document called a balance sheet. This special report […]
October 20, 2023

Tax Form 1120 – What It Is, How To File It

During the tax filing season, you must consider various expenses related to your car and business meals. A recent survey by Capital One found that 56% […]
October 13, 2023

Mastering Gross Sales: Formula, And Net Sales Comparison

The term “gross sales” is a common one in the world of business and finance. It helps us understand how much money a company has earned […]