Small Business Accounting
4 Quick Ways to Assess Your Businesses Health
Running a business is a bit like maintaining good health. Just like you need regular check-ups with your doctor, your business needs periodic assessments, too. There are a lot of...
If You’re Using QuickBooks Desktop, It’s Time to Convert to QBO!
As a partner in your financial journey, Fortiviti is committed to staying informed about the latest developments in accounting software that can impact your business operations. Intuit, the maker of...
Why Profitability is More Important than Revenue
Ask any small business owner how big their business is and 9 times out of 10, you’ll probably get an answer that includes a revenue figure. While revenue is an...
5 Mistakes You May Making in Your Back-Office That are Costing You Money
With everything else you have to accomplish running a small business, you may think your back-office tasks can take a back seat. After all, they are typically administrative in nature and...
Understanding Your Profit & Loss Statement (P&L)
When I started my career in accounting, I was an intern for a public accounting firm. I found an issue during one of my audit procedures and took it to...
Accounting Resolutions
It’s a new year. Everyone is making resolutions for becoming a better person, why not make some resolutions to become a better business. Often, one of the most neglected areas...
Your Chart of Accounts Matters
While it may not seem like a significant part of your accounting structure, your chart of accounts is the foundation. Often overlooked, your chart of accounts provides financial clarity in...
Pitfalls of Automated Accounting
With the advancement of AI and technology automation, it’s become easier to manage the accounting and bookkeeping activities in your small business. However, it’s important to understand that you need...
Top 5 Year-End Accounting Tips
With the end of year approaching, it’s important to ensure your accounting records are in order to avoid unnecessary work and stress, during an already busy time of year! ...
Decoding Key Accounting Terms Every Business Owner Should Know
Navigating the financial aspects of your business can be challenging, but understanding essential accounting terminology is a crucial step toward financial success. Here, we break down some key terms that...