Monika Gola
Posted in Accounting

Cash Basis Accounting: A Complete Guide!

If you’re planning to start your business (regardless the size and type), one things you must be aware of is accounting method. Now there are two types of methods available, which include cash basis accounting and second is accrual accounting. I have also talked about the difference between these two. You can read this article […]

Monika Gola
Posted in Accounting

Everything to know about Double-entry accounting

Before you venture into any business there are certain things you need to consider to grow it in future. Accounting is one of them because a proper management of accounting books is what helps in sky rocking the business. However, you have to make a decision on system of accounting you will be choosing. Let […]

Monika Gola
Posted in Accounting, Business Tips

Everything you must know about tax audit

Tax is one of the most integral parts of any business. Without knowing the taxation part, you will risk your business and it may result in winding up your business. At the end of every year, businesses are bound to pay tax on the annual income, right. But the problem is not every businessman is […]

Monika Gola
Posted in Business Tips

How to forecast your cash flow statement?

The foundation of every company depends upon the cash flow statement. If you have just started your business, cash flow should be an integral part of financial planning of your business. However, not every company founder tends to be having accounting knowledge or comes from finance background. So, how one would check and forecast cash […]

Monika Gola
Posted in Accounting

Best accounting software you must use in 2021

Do you want to manage, monitor, and improve your business’ financial health? If yes, you have come to the right place at a right time. Why? Because here I’m going to talk about the most cost-effective ways to manage business accounting. Well, you might have got the gist by reading the very title of this […]

Monika Gola
Posted in Bookkeeping

The complete day to day bookkeeping setup for you

Are you struggling to maintain or manage your bookkeeping? If yes, you have found a better way to this article. Why? Because in this article I’m going to put emphasis on day to day bookkeeping setup for you. Before that let me give you a spoiler alert here – bookkeeping is the process of recording […]

Monika Gola
Posted in Accounting, Business Tips

How general ledger accounts are used in Bookkeeping?

In any business, finance industry, or accounting firm, general ledger accounts are crucial to keep a record of business transactions. Any small business can have 4-5 general ledger accounts and a large business can end up having with 100s of general ledger accounts. In my previous article, I talked about chart of accounts, let me […]

Monika Gola
Posted in Accounting

Everything you need to know about a chart of accounts

Have you ever come across the term ‘chart of accounts’ in finance industry of accounting firm? If no, you may be lacking something effective and essential thing in your business finance. But it’s never too late because you have found your way to the right article. If you want to secure your business transactions, finance, […]

Monika Gola
Posted in Accounting, Business Tips

Solid accounting tips to make your business scalable

Let’s face it – without solid accounting your business will collapse. Whether you believe or not, but accounting builds a foundation of your business. Don’t you believe? Ok, think about – money you spend, payments you receive, discounts you offers, taxation amount you pay every year, and so much more. Do you have records of […]

Monika Gola
Posted in Accounting

5 Best accounting automation tools every business must have

Accounting is a very vast industry. Without having accounting automation tools, your business is definitely not seeing any growth and rather wasting a lot of resources. What automation exactly is? Putting simply, automation is a system that operates things automatically without having human interferes. You would also have a question .i.e. what accounting automation is? In […]