Posts by Fortiviti
Meet Our Team: Megan Binder
Megan Binder joined the Fortiviti team as a staff accountant in the summer of 2014. A licensed cosmetologist, she worked as a stylist while completing her undergraduate degree in Pittsburg, KS. After graduating, Megan worked as a bookkeeper for the Spigarelli Law Firm. While there, she gained valuable experience with payroll, accounts receivable, accounts payable,…
Read MoreKVC: By the Numbers
KVC has a big impact in Kansas. They are responsible for 3,000+ children served by the state Department for Children and Families. In 2013, KVC: Received 892 Family Preservation referrals 3,511 individuals served by Family Preservation staff Family Preservation staff provided 7,664 hours of face-to-face intervention Helped 1,179 children reach permanency Permanency staff helped 747…
Read MoreDid You Know: Multi-State Registration
If you are doing business in multiple states, you may be required to register with each. Various registrations are required, for operating, withholding and paying employer taxes, collecting and paying sales and use tax, paying income tax, and various other business license requirements. Every state has different requirements. Even if you do not have an…
Read MoreReady, Set, your Budget: The Finish!
You’re done! You may be mentally exhausted, but now you’ve got a great tool for managing your business next year. If this is the first time you’ve set a budget for your business, you may want to take some time to review your budget one last time. Are your revenue figures achievable? Have you forgotten…
Read MoreReady, Set, your Budget: Maintaining Speed
Alright, you’re almost finished! The final phase of a sprint is maintaining speed (well, excluding the finish, of course). At this point, you’ve set your budget for next year. You’ve reviewed it. You’ve put plans in place to meet your budget. You’ve set stretch goals. You’re ready for 2015! But, there’s one more thing to…
Read MoreReady, Set, your Budget: Maximizing Speed
Alright, it’s time for the fourth phase of your budget! In a sprint, this phase is maximizing speed. For your budget, it’s maximizing performance! By this point, you should have a budget set for 2015. You’ve budgeted your revenue, your cost of goods sold, and your expenses. You’ve reviewed for cuts, pricing updates, and strategy…
Read MoreReady, Set, your Budget: Transition
The third phase of a sprint is Transition. In your budget process, it’s time to transition to expenses! Review your monthly P&L from 2014 to analyze your expenses. Determine which expenses are fixed (such as rent) versus variable (utilities? labor?). For expenses that are fixed and won’t fluctuate, like rent, enter into your monthly template.…
Read MoreDid You Know: Veteran Business Owners
According to the SBA, veteran business owners are responsible for nearly one in ten small businesses in the U.S. and employ nearly six million workers.
Read MoreReady, Set, your Budget: Acceleration
The second phase of a 100m sprint is acceleration, picking up speed. In your budget, the second step is to set your budget for sales and cost of goods sold, which accelerates the growth of your business. As you review your plans for 2015, there will be a couple of different areas to consider for…
Read MoreReady, Set, your Budget: The Start
The first step to starting the budget process is to review your current year financials. To do this, run a monthly P&L (profit and loss statement) of revenue and expenses for the current year (through whatever period you have closed – hopefully October). If you have a financial system set up, such as QuickBooks, Sage,…
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