Small Business Resources

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...
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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...
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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...
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Setting Up ACH Payments for your Business

Setting your business up to initiate ACH payments can be instrumental in improving your business’ cash flow. It is typically simple to setup, but it is not automatic. • 1...
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What is A Prepaid Expense?

 Prepaid Expense A Prepaid Expense is an expense for something that you have already paid for, but you haven’t yet received the benefit of that expense. For example, if you...
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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,...
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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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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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