Bookkeeping Archives - Page 2 of 6 - Monily

Bookkeeping

June 1, 2023
Balance Sheet vs. Income Statement What's the Difference

Balance Sheet Vs. Income Statement: What’s the Difference?

A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific time. It presents a summary of what […]
May 31, 2023
Accumulated Depreciation

Accumulated Depreciation: Key Insights for Business Owners

What Is Accumulated Depreciation?   If you own a business, keeping track of your assets is crucial to your financial well-being. One important aspect of asset management […]
April 27, 2023
Uncovering Accrued Expenses

Uncovering Accrued Expenses: Benefits, And Drawbacks

What are accrued expenses?  An accrued expense is an accounting term that refers to an expense that a company has incurred but has yet to pay […]
April 26, 2023
leverage ratio

What Is Leverage Ratio, And What Is Its Significance?

What Is Leverage Ratio? A leverage ratio is a financial metric used to measure the level of debt a company uses to finance its operations. It […]
April 10, 2023
How to Calculate CapEx (Capital Expenditure) Formula & Examples

An Ultimate Guide To Understanding Capex And Its Secrets

Whether you’re an entrepreneur, or a business owner, understanding how to calculate CapEx is crucial to managing finances and making informed investment decisions. Capital Expenditure refers […]
April 6, 2023
difference between revenue and profit

Why Revenue And Profit Aren’t The Same: A Comprehensive Guide 

What is the Difference Between Revenue and Profit?  As a business owner or entrepreneur, one’s ultimate goal is to maximize their profits and grow revenue. But despite […]
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 […]