Yasir Haseeb

If you wish to stay competitive in today’s ecommerce market, you need to have a ready solution for all of your customer’s query. It becomes rather difficult to achieve, if your website fails to integrate a robust accounting system using an ERP solution. While some believe that integration of an accounting solution can be a bothersome and tiring ask, hiring an accountant is a more feasible solution. Such an approach, however, can become heavily flawed. It’s because there is an increased chance of human error and you can ultimately result drowning assigned orders down the sink hole, if your accountant is not quick enough. This can be attributed as one of the many  challenges that an online ecommerce merchant face  while observing accounting integration. Let’s discuss a few other challenges ecommerce accounting challenges that once can face without an online accounting integration: Resource Allocation Initially when you launch an ecommerce store, the sales frequency is ...

So what makes a law firm financial operations any different than any other firms on the market? The answer is simple, Bookkeeping! When it comes to tax cutting and paying bills, it helps you handle cases profoundly making stressful situations extremely easy every day. No lawyer in today’s world should be juggling around with million dollars without keeping track of how to manage his/her finances accordingly. Challenges can pile up! You can end up with problems such as catching up with priorities and paying up your due taxes and bills on time. At Monily, we look forward to help lawyers who want a counter-productive and cost effective solution for their respective businesses. Most lawyers are focused on a single task at a time, just like they are tackling a case in a court… They take a similar approach to manage financials accordingly. To get out of the cycle of failing consistently, they take a different approach. An approach to set up systems that can automatically optimize the...

So what makes a law firm financial operations any different than any other firms on the market? The answer is simple, Bookkeeping! When it comes to tax cutting and paying bills, it helps you handle cases profoundly making stressful situations extremely easy every day. No lawyer in today’s world should be juggling around with million dollars without keeping track of how to manage his/her finances accordingly. Challenges can pile up! You can end up with problems such as catching up with priorities and paying up your due taxes and bills on time. At Monily, we look forward to help lawyers who want a counter-productive and cost effective solution for their respective businesses. Most lawyers are focused on a single task at a time, just like they are tackling a case in a court… They take a similar approach to manage financials accordingly. To get out of the cycle of failing consistently, they take a different approach. An approach to set up systems that can automatically optimize the...

The leaders of the new generation are millennials. More than 75 million of the overall world population are categorized as one of them. The oldest millennials may range in between the age cycle of early 30s so they are not quite old. These are the business leaders of tomorrow, and as every other business niche have some shining emblems, one such are present in the sphere of financial circle. Having an imperishable impression, the millennials are now becoming the decision makers. They are trying to cultivate organizations that can control economies. Some examples can be seen in accounting firms likewise. Firms that are not good enough to retain these millennials seamlessly result in losing potential clients and jeopardizing their organizational growth opportunities. A Strategic Look Towards the Transforming World of Accounting Firms Millennial business owners of the modern world take a different approach towards performing effective analysis to gain an upper hand among similar b...

When one thinks of bookkeeping, it has nothing to with getting things done because they have to be done. It’s about keeping personalized records which you can present to organizations interested in observing your financial returns. This not only helps you focus on your business prospects, but you also learn the benefits of healthy bookkeeping. At Monily, we don’t see bookkeeping like that at all. Cash flow is the lifeblood of business, and a healthy understanding of what’s going on with the cash can make all the difference in your ventures. Let’s observe bookkeeping as a powerful scoreboard that can help leverage your business as a major result and pushes you to look life like an entrepreneur. Set your thoughts into action and give way to entrepreneurs. Find out the benefit and quality of effective bookkeeping. Focus on Your Strengths Bookkeeping can become a powerful tool. But, hiring a good bookkeeper can become a rather difficult task. It pushes you forward to dig deep in ...

Technology, today, plays a vital part in every niche and industry. On-site consulting is now becoming a thing of the past with the rise of brief off-site meetings. Such servings are now visible in our day to day business tasks. It’s because technological advances have surpassed the outdated methodologies incorporated by most organizations around us. In corporate circumference of today, finance holds utmost importance. New technological advancements are laying siege to take control of remote sessions, manipulate real-time data and even perform the most basic desktop-based software functionalities. Entering the new millennial, cloud technology is making huge changes in the world of   finance and bookkeeping  industry. One such example lies ahead of us is how companies used to provide on-site consultation when finance departments are observing dilemmas in proving their point. Today, business to business consultations are now more relied on online consultation. Accounting ...

Most American business owners do realize the importance of receipts; however, you can observe most Americans saying “No” when they are offered a receipt for their purchases. Do they wish to collect these receipts and save it because they want to forecast market trends? Not really, they want to avoid tax return perils, therefore they keep them collected in one place. Receipts are audit protection and for some, it is a serious concern. Paul made a number of purchases during the last year and forgot to collect receipts from multiple stores. He went around the world expelling thousands of dollars on travelling, food, entertainment, cellular services and other expenses. What he failed to realize is that he will have to face tax files, paperwork and documentations to financial sectors that they were business related. Sadly, Paul is one of the many individuals who failed to realize the importance of keeping receipts in one place. Now, he is left with questions to ponder and answers to p...

Most American business owners do realize the importance of receipts; however, you can observe most Americans saying “No” when they are offered a receipt for their purchases. Do they wish to collect these receipts and save it because they want to forecast market trends? Not really, they want to avoid tax return perils, therefore they keep them collected in one place. Receipts are audit protection and for some, it is a serious concern. Paul made a number of purchases during the last year and forgot to collect receipts from multiple stores. He went around the world expelling thousands of dollars on travelling, food, entertainment, cellular services and other expenses. What he failed to realize is that he will have to face tax files, paperwork and documentations to financial sectors that they were business related. Sadly, Paul is one of the many individuals who failed to realize the importance of keeping receipts in one place. Now, he is left with questions to ponder and answers to p...

Business model subscriptions are not to keep within boxes. Can you create a recurring revenue stream to acclaim rising business benefits? Well now you can with subscription billing. Recurring bills can be adopted using subscription billing process. This means that you can make an agreement that can automatically charge your customers payments to save their credit or debit card billing hassles, if they have invoices to pay up to you. One of the most important reason to adopt this methodology is to make revenue more predictable, create better cash flows and spend more time on tasks that help you make good amount of money. A subscription business model works best both ways – It is an accepted method for product as well as service based businesses. It can be set up for either only a segment of your customers or you can have a portion of it based on your need. Customer subscriptions are built on helping better relationships and creating brand loyalty. If you have the right tools t...

Are you an online store owner? Or have you recently opted in to become one? If you have already taken the leap to launch an online e-store, your business will gain attraction. Customers will make relevant purchases and you are definitely going to get swarmed with paperwork. You can always keep your receipts in shoe boxes and organize them under a desk wondering when an accountant pays you a visit or you can simply keep a few checks on organizing your e-store in an ecommerce bookkeeping friendly way. If you think second option sounds like a great idea! Always make sure you consider the following aspects. Observe Tax Internationalization Whenever you create an e-store using an online ecommerce platform, your tax rates are automatically pre-setted. They are configured in coherence to your address and the location you are going to ship your product to. However, if you seek to establish a global presence and sell internationally, make sure to update your tax rates for each country...

It’s important to understand that accounting is an essential part of your business. Rare are the chances that an accountant may end up with committing a mistake; however, human error is unavoidable. All thanks to technology, the market is now filled with a number of accounting applications that benefits medium and small sized organizations effectively. It’s now easier for business owners to keep an accurate record on the structured money flow. Today we are going to discuss the importance of  bookkeeping services for small business  and how a business accountant can easily avoid committing accounting blunders. More than 80% of businesses reviewed by our expert researchers present that the probability of committing an accounting error is high. Therefore, today we are going to discuss on some of the most basic accounting errors observed in accounting and bookkeeping services by entrepreneurs. 9 Basic Accounting Mistakes All Entrepreneurs Have to Face Accounting mistakes c...

If you wish to stay competitive in today’s ecommerce market, you need to have a ready solution for all of your customer’s query. It becomes rather difficult to achieve, if your website fails to integrate a robust accounting system using an ERP solution. While some believe that integration of an accounting solution can be a bothersome and tiring ask, hiring an accountant is a more feasible solution. Such an approach, however, can become heavily flawed. It’s because there is an increased chance of human error and you can ultimately result drowning assigned orders down the sink hole, if your accountant is not quick enough. This can be attributed as one of the many  challenges that an online ecommerce merchant face  while observing accounting integration. Let’s discuss a few other challenges ecommerce accounting challenges that once can face without an online accounting integration: Resource Allocation Initially when you launch an ecommerce store, the sales frequency is ...

So what makes a law firm financial operations any different than any other firms on the market? The answer is simple, Bookkeeping! When it comes to tax cutting and paying bills, it helps you handle cases profoundly making stressful situations extremely easy every day. No lawyer in today’s world should be juggling around with million dollars without keeping track of how to manage his/her finances accordingly. Challenges can pile up! You can end up with problems such as catching up with priorities and paying up your due taxes and bills on time. At Monily, we look forward to help lawyers who want a counter-productive and cost effective solution for their respective businesses. Most lawyers are focused on a single task at a time, just like they are tackling a case in a court… They take a similar approach to manage financials accordingly. To get out of the cycle of failing consistently, they take a different approach. An approach to set up systems that can automatically optimize the...

The leaders of the new generation are millennials. More than 75 million of the overall world population are categorized as one of them. The oldest millennials may range in between the age cycle of early 30s so they are not quite old. These are the business leaders of tomorrow, and as every other business niche have some shining emblems, one such are present in the sphere of financial circle. Having an imperishable impression, the millennials are now becoming the decision makers. They are trying to cultivate organizations that can control economies. Some examples can be seen in accounting firms likewise. Firms that are not good enough to retain these millennials seamlessly result in losing potential clients and jeopardizing their organizational growth opportunities. A Strategic Look Towards the Transforming World of Accounting Firms Millennial business owners of the modern world take a different approach towards performing effective analysis to gain an upper hand among similar b...

When one thinks of bookkeeping, it has nothing to with getting things done because they have to be done. It’s about keeping personalized records which you can present to organizations interested in observing your financial returns. This not only helps you focus on your business prospects, but you also learn the benefits of healthy bookkeeping. At Monily, we don’t see bookkeeping like that at all. Cash flow is the lifeblood of business, and a healthy understanding of what’s going on with the cash can make all the difference in your ventures. Let’s observe bookkeeping as a powerful scoreboard that can help leverage your business as a major result and pushes you to look life like an entrepreneur. Set your thoughts into action and give way to entrepreneurs. Find out the benefit and quality of effective bookkeeping. Focus on Your Strengths Bookkeeping can become a powerful tool. But, hiring a good bookkeeper can become a rather difficult task. It pushes you forward to dig deep in ...

Technology, today, plays a vital part in every niche and industry. On-site consulting is now becoming a thing of the past with the rise of brief off-site meetings. Such servings are now visible in our day to day business tasks. It’s because technological advances have surpassed the outdated methodologies incorporated by most organizations around us. In corporate circumference of today, finance holds utmost importance. New technological advancements are laying siege to take control of remote sessions, manipulate real-time data and even perform the most basic desktop-based software functionalities. Entering the new millennial, cloud technology is making huge changes in the world of   finance and bookkeeping  industry. One such example lies ahead of us is how companies used to provide on-site consultation when finance departments are observing dilemmas in proving their point. Today, business to business consultations are now more relied on online consultation. Accounting ...

Technology, today, plays a vital part in every niche and industry. On-site consulting is now becoming a thing of the past with the rise of brief off-site meetings. Such servings are now visible in our day to day business tasks. It’s because technological advances have surpassed the outdated methodologies incorporated by most organizations around us. In corporate circumference of today, finance holds utmost importance. New technological advancements are laying siege to take control of remote sessions, manipulate real-time data and even perform the most basic desktop-based software functionalities. Entering the new millennial, cloud technology is making huge changes in the world of   finance and bookkeeping  industry. One such example lies ahead of us is how companies used to provide on-site consultation when finance departments are observing dilemmas in proving their point. Today, business to business consultations are now more relied on online consultation. Accounting ...