Accounting
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: Missing an Employee’s Payroll
This month we’re highlighting the spookiest of accounting stories that we hope you never have to experience. If you think you’re at risk for any of these situations, you may...
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...
Surviving the Global Pandemic
We’re back! We’ve missed you! There is one primary reason we have been quiet on the Fortiviti blog this last year…SURVIVAL. We are now a year and a half into...
Avoid The Year-End Meltdown and Get Back to Business
It’s back to school time for kids and back to business for entrepreneurs. As summer fades and school routines resume, work inevitably heats back up. Finding time for sales and...
3 Reasons Why Square Is The MVP Of Credit Card Processing
By Erin Ryan, Controller at Fortiviti Square is a convenient and simple solution for small business owners who need to process credit card payments for any purpose. It’s...
Accounting Checklist For Entrepreneurs: What to Do and When to Do It
As an entrepreneur, you know that if you don’t stay on top of your accounting, things can quickly get out of hand. Not to mention, failure to keep accurate financial...