Farwah Jafri, Author at Monily - Page 9 of 17

Farwah Jafri

December 15, 2022
Good Liquidity

Understanding Good Liquidity And Its Ratios

It is extremely vital for a business to have a clear understanding of the company’s accounting liquidity. In order to achieve that, you need to explore […]
December 14, 2022

Opening Balance Equity And Its Importance

Accounting software are gaining popularity rapidly, especially among small and large enterprises. However, there are a lot of accounts that are unfamiliar to business owners; one […]
December 9, 2022
Profitability Models

Profitability Models – How They Help In Forecasting The Future

“Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model.” -Steve Blank Profitability models matter regardless of […]
December 7, 2022
Assets Depreciated

What Does IRS Say About Depreciable & Non-Depreciable Assets

Depreciation is a devaluation of an asset over a period of time. Your tangible assets like equipment, vehicles, building, furniture, and machinery are all examples of […]
November 20, 2022

How Much Does An Average American Taxpayer Pay?

As per Self Financial, a financial technology company, Americans pay on average $525,037 each in taxes over a lifetime? Out of which about 65% is the […]
November 16, 2022
Adjusted trial balance

How To Prepare An Adjusted Trial Balance | Step-By-Step

Before the advent of accounting software, all the financial statements and accounting tasks were managed manually. The process was called the accounting cycle. The most vital […]
November 10, 2022
double declining balance depreciation

A Simple Guide To Double Declining Balance Depreciation Method

Double declining balance depreciation – an easy way to save money with regard to your business expenses. The double declining balance method helps your asset’s value depreciate less […]
November 3, 2022
Straight Line Method of Depreciation

What Is Straight Line Method Of Depreciation?

Depreciation is a process that defines the gradual decrease of the cost of a fixed asset over a period of time while it is in use. […]
October 27, 2022
Pro Forma Financial Statements

A Complete Guide To Pro Forma Financial Statements

Pro forma is a Latin term which means “for form.”  In short, the pro forma financial statements are the “what-if” statement generators. They allow you to […]