Small Business Accounting
Pros and Cons to Outsourcing Your Accounting
A decision many companies have been making more frequently is whether or not to outsource their accounting. There are lots of factors when comparing the cost of outsourcing a position...
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...
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...
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...
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...
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...
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...
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...
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...