Money
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...
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...
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...
Everything You Need to Know About Unreconciled Transactions
Remember the old-school check registers? Some of you may still use them. They were used to keep a running balance in your checking account, recording additions when you made deposits...
In the news: Court Blocks New Federal Overtime Rule – What does this mean?
The new overtime regulations were set to go into effect on December 1st are now on hold after a Texas court blocked the Department of Labor from implementing the rule...
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...
Our Solution To Your Biggest Payroll Problems
With our full-service account department, you get a team of professionals to implement your finance operation so you can stop worrying about payroll. Fortiviti will on-board employees, obtain appropriate tax documentation,...
The Costly Mistake Entrepreneurs Can’t Afford to Make
Failure to keep accurate financial records is a costly mistake that could have a negative effect on your business. Understanding your company’s financial position and performance helps you in making...
How to Collect Late Payments Without Damaging Your Customer Relationships
Unfortunately, at some point in your business you will run into a situation where a customer doesn't pay you. Even if you send the perfect invoice, they may forget to...
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