Bookkeeping 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 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 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 […]
October 14, 2022
Important Profitability Ratios

The 5 Most Important Profitability Ratios You Need for Your Small Business

It is very crucial to measure the financial performance of your business especially when you have to manage your expenses and scale the profitability as well. […]
September 16, 2022
startup bookkeeping

4 Signs You Need To Step Up Your Startup’s Bookkeeping

Ideally, growth should top the to-do list for entrepreneurs and business owners, not bookkeeping. However, that is rarely the case. A big slice of startup owners’ […]
September 2, 2022
Bookkeeping DIY

Small Business Accounting and Bookkeeping: When Is It Time To Stop DIY?

Every buck count, especially for business owners taking a new venture off the ground. At such times, entrepreneurs turn into a one-man army, attempting to do […]
September 1, 2022
s corp bookkeeping

Bookkeeping For S Corporations – Everything You Need To Know

Subchapter S Corporations, also known as S Corps, are called ‘pass-through’ entities. All their profits and losses get passed to the members. Many small and medium […]
August 26, 2022
sole proprietorship bookkeeping

Sole Proprietorship Bookkeeping: 10 Important Tips to Know

Running a business is tough, and it feels tougher when only one person is at the helm. Thus, it is essential for business owners, especially sole […]