Wajiha Danish, Author at Monily

Wajiha Danish

June 12, 2024
tax consequences of converting llc to c corporation

Converting from LLC to C Corp: Key Benefits and Tax Implications Explained

When considering a business restructuring, it is critical to understand the tax consequences of converting an LLC to a C corporation. Due to its flexibility, an […]
May 23, 2024
Operating Cycle Formula The Only Guide You’ll Need!

Operating Cycle Formula: The Only Guide You’ll Need!

Tracking your company’s operating cycle throughout the year is often the best way to gauge how your business is performing and whether it is headed towards […]
May 16, 2024
What is a suspence account

What is a Suspense Account: Definitions | Examples | Purpose

No other profession in the world requires the level of accuracy often expected from an accountant. Yet there are times when transactions can’t be fully revealed […]
May 5, 2024
bookkeeping for ecommerce

Bookkeeping for E-commerce: A Detailed Guide

Everyone loves seeing that profit climb each year, but no one really likes to spend hours deep diving into all their entries from last year. As […]
April 29, 2024
what is a safe note

What is a Safe Note: Things You Should Know

Startup financing can often feel like a maze that new business owners attempt to navigate all the time. With the variety of instruments available for funding, […]
April 4, 2024
5 Reasons Why You Need a CFO For Your Business

5 Reasons Why You Need a CFO For Your Business

Do I need a CFO? What does a CFO do? Should I hire a CFO? Questions like these are common among startup owners and entrepreneurs who […]
February 21, 2024
NetSuite Cloud Accounting Comprehensive Guide

A Comprehensive Guide to NetSuite Cloud Accounting

We already detailed in a previous blog here, what NetSuite is all about. In short, it is a cloud-based suite of management tools that, on a […]
February 12, 2024
Do Client Gifts Qualify as Tax Deductible

Do Client Gifts Qualify as Tax Deductible?

It’s common corporate courtesy to present your clients with gifts every now and then, such as on Christmas or New Years and so on. Buying gifts […]
November 29, 2023
10 Reasons Your Business Needs a Full Charge Bookkeeper

10 Reasons Your Business Needs a Full Charge Bookkeeper

Construction business owners often wonder about the key responsibilities of their controller or full charge bookkeeper. They understand the basics, such as creating income statements, handling […]