Accounting Solutions

Accounting 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....
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Pros 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...
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Why 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...
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Excel: 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...
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Cash 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...
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What 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...
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Top 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...
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Employing your Children in Your Business

As a business owner, you are constantly looking for potential tax breaks or options for shifting income. If you have children, one option to consider is putting your kids on...
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Beware of Third Parties Selling You The Employee Retention Tax Credit

What is ERC? The Employee Retention Credit (ERC) has been a hot topic since 2020, when the Coronavirus pandemic changed the world.  The credit was implemented to aid companies in...
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Managing Cash Flow: A How To Guide

  Managing cash flow can be the difference between your business success or failure.  You can’t open a book on entrepreneurship without the mention of cash flow.  But, what is...
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