Accounts Archives - Monily


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 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 […]
March 2, 2023
what is FTE

What Is FTE And How To Calculate It?

What is FTE? Full-time equivalent or FTE is used by businesses to calculate the full-time hours worked within their business among all employees. It would not […]
March 1, 2023

CPA Vs. Accountant: What’s The Difference?

Accountants and CPAs have their Places within a business. Both are finance experts who help firms achieve compliance with the laws, balance cash flows, and utilize […]