Accounting Solutions
Paying Your Taxes
Be Prepared Your business is profitable! Congratulations! You owe taxes! Contrary to popular belief, owing taxes is not a bad thing. It means your business made money. Yes, it’s great...
Understanding Negative Balances in Your Financial Statements
Negative balances in your financial statements can signal errors or issues with your business performance. In some cases, a negative balance can be accurate, but it’s important to review further...
Reviewing your Financials: Top Five Things to Look For
If you’re getting regular monthly financial statements in your business, you’re already ahead of many business owners. But financial reports are only as good as the time you put in...
Outsourcing Your Accounting: How to Make it Work
Outsourcing is becoming a more common practice in business. Whether it’s marketing, accounting, sales, or even operations, outsourcing has become easier than ever. But, outsourcing only works if you do....
Spooky Accounting Stories – Owning a Business versus Running a Business
You’re the best in the business, but you never went to business school… Many business owners “fell into it” because they turned their passion into a business. After all, if...
Your Balance Sheet: Why It’s Important
A balance sheet is one of the least reviewed financial statements in a small business. Yet, it shouldn’t be. Your balance sheet is important for a number of reasons: ...
Accrual vs Cash: Which Is A Better Business Practice?
The key component to accrual versus cash is that you are matching your revenue to your expenses. Basically, recording that revenue when you have earned it and recording those expenses...
Don’t Count on Your Bank Balance
One of the most common misconceptions we run across regarding cash flow, is individuals believing that their current bank account balance is the amount of cash they have available...
Budgeting & Forecasting For Your Small Business – Global Entrepreneurship Week Event
JOIN US FOR A DAY OF BUDGETING & FORECASTING FOR YOUR SMALL BUSINESS In honor of Global Entrepreneurship Week, Fortiviti is hosting a day of Budgeting and Forecasting for Small...
Our Solution To Your Biggest Accounts Receivable Problems
With our full-service account department, you get a team of professionals to implement your finance operation so you can stop worrying about accounts receivable. Fortiviti will manage your contracts, billing schedules...
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