Posts by Fortiviti
FLSA Overtime Exemption Rule by the Numbers [Infograph]
All facts and information based on The New York Times article, White House Increases Overtime Eligibility by Millions and U.S. Department of Labor
Read More7 Tips On How To Send An Invoice That Gets Paid On Time
If you want your clients or customers to pay you on time every time, make sure you send a perfect invoice. Delayed invoicing is one of the primary causes of cash flow issues. Your total sales don’t mean a thing if you can’t get people to pay you for your products or services. Your invoice…
Read MoreHere’s Why the Fortiviti Team loved volunteering for the Ronald McDonald House and Children’s Mercy Hospital:
Once a month the Fortiviti team takes a break from our normal office duties to give back to the Kansas City community. For the month of April, we decided to volunteer our time by preparing and serving a home-cooked meal for the Ronald McDonald Family Room at Children’s Mercy Hospital. As a special thank you…
Read MoreEvolution of Accounting Needs – Infograph
Fortiviti Book Club: 5 Dysfunctions of a Team
This month’s Fortiviti Book club pick was, “The Five Dysfunctions of a Team” by Patrick Lencioni. Why we picked this book: Patrick Lencioni says it best: “Not finance. Not strategy. Not technology. It is teamwork that remains the ultimate competitive advantage, both because it is so powerful and so rare.” Working together as a team is…
Read MoreInfograph: Tax Tips & Filing Facts for Small Business Owners
8 Simple Changes That Will Solve Your Cash Flow Problems
If your business is struggling due to tight cash flow, consider these eight simple operational changes that can make an immediate impact 1: Increase billing frequency. If you typically bill clients once at the end of each month for work completed, try billing on the 15th and 30th instead. This will get money coming in faster matching…
Read MoreWhat You Need to Know About Debt-to-Equity Ratio
If you’ve ever looked at obtaining financing for your business, you’ve likely heard of the debt-to-equity ratio. But, what is it? And, what does it mean to lenders? Here’s what you need to know about debt-to-equity ratio. What is debt-to-equity ratio? The debt-to-equity ratio compares a company’s total amount of debt to its total amount…
Read MoreSpring Clean Your Small Business – How Long Should You Keep That Document?
3 Reasons Why a Budget is Important for Your Business
Entrepreneurs are often told that a budget is an important tool to use in managing their business. However, many don’t know why it’s important. Maybe you set a budget at the beginning of the year and never hit any of the numbers. You wonder, “what’s the point?” Or, you set a budget and always come…
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