Posts by Shauna Huntington
Customer Payment Options that Improve Cash Flow
Cash Flow is one of the most critical factors to operating a successful business. Growth requires cash and if your business is not able to effectively manage your cash flow, your growth and long-term success can suffer. Aside from generating new sales, the biggest impact to cash flow is getting that cash from your sales…
Read MoreAccounting Treatment of CD’s
With FDIC limits still being a hot topic these days, we’ve seen lots of different tools being used for people and companies to diversify their cash and keep it safe. One tool to consider utilizing is a certificate of deposit (CD). There are several reasons to put your money in a CD: 1 –…
Read MoreFrequently Asked Questions about Working with Fortiviti
June 2023 Fortiviti is a unique outsourced accounting solution, so naturally, we get a lot of questions on how we operate! Here are some of the top questions we get Q: Who will I be working with? A: Fortiviti is unique in that you will be assigned a single point of contact that also…
Read MorePros and Cons to Outsourcing Your Accounting
Outsourcing accounting has become a more common practice in recent years. With companies looking for increased efficiency and a way to combat the talent shortage, outsourcing is becoming a part of the conversation. As companies consider whether outsourcing is right for them, there are various factors to consider. Cost To hire decent talent,…
Read MoreWhy We Use QuickBooks Online
Fortiviti works with various accounting software for our clients, but the most common is QuickBooks Online. QuickBooks Online (QBO) is a powerful and intuitive accounting software that offers a wide range of benefits for small and mid-sized businesses. Here are some of the key benefits of using QBO: 1. Accessibility With QBO, you can access…
Read MoreExcel: Summing by Colored Cells
We LOVE Excel! And, we love it even more when we find a new way to use it to save time and get us results faster. If you have an Excel file with colored cells to sort various information and you’d like to sum the figures in each color group, here’s a quick guide: …
Read MoreCash Flow: A Tale of Two Businesses
Everyone knows cash is king. You’re told time and again. Cash allows you to be nimble. Cash allows you to jump on opportunity. You know you need it for business growth. You KNOW it’s important. But, do you really know how it affects your business daily? Decisions are made every day; decisions that will…
Read MoreUsing Expensify’s Credit Card Feed
Expensify is a tool that many small business owners use to manage their expenses and receipts. One way to make it more valuable is to set it up to pull the credit card transactions directly from your credit card into your Expensify account. The setup process is simple. Also, by adding this function, each…
Read MoreWhat is Use Tax
Use Tax is a tax on purchases that is charged to the buyer if the seller did not originally charge sales tax on a taxable purchase. While most sellers of taxable goods and services are required to charge sales tax when they make the sale, there are certain exceptions. When those exceptions result in a…
Read MoreTop 5 Items to Review in Your Financial Statements
Having accurate financial statements is key to running a successful business. If you go to the bank for financing, your banker is going to want to see quality financials that are truly representative of your business performance. Accurate financial information will assist you in making business decisions that help move your business forward. So, how…
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