Posts by Shauna Huntington
Fortiviti Joins Forces with BELAY: More Resources, Same Great Service
We’re excited to share some big news—Fortiviti has partnered with BELAY, a leader in virtual staffing and accounting services. What does this mean for you? Simply put, we’re still the same Fortiviti you know and trust, with additional resources and national support! Our services and commitment to you aren’t changing; we’re just leveling up. For…
Read More4 Quick Ways to Assess Your Businesses Health
Running a business is a bit like maintaining good health. Just like you need regular check-ups with your doctor, your business needs periodic assessments, too. There are a lot of considerations when evaluating your business health, but here are 4 quick assessments you can do to see if you’re on track: examine your profit margins,…
Read MoreIf You’re Using QuickBooks Desktop, It’s Time to Convert to QBO!
As a partner in your financial journey, Fortiviti is committed to staying informed about the latest developments in accounting software that can impact your business operations. Intuit, the maker of QuickBooks, has announced significant changes to QuickBooks Desktop (QBD) and continues to prioritize QuickBooks Online (QBO) as their primary platform. Here’s what you need to…
Read MoreWhy Profitability is More Important than Revenue
Ask any small business owner how big their business is and 9 times out of 10, you’ll probably get an answer that includes a revenue figure. While revenue is an important factor when evaluating a business’ size, there is often too much emphasis put on revenue and not enough on profitability. More revenue does…
Read More5 Mistakes You May Making in Your Back-Office That are Costing You Money
With everything else you have to accomplish running a small business, you may think your back-office tasks can take a back seat. After all, they are typically administrative in nature and don’t directly affect your customers or growing sales. If they get delayed, or they don’t get done exactly right, it may not seem like it’s…
Read MoreUnderstanding Your Profit & Loss Statement (P&L)
When I started my career in accounting, I was an intern for a public accounting firm. I found an issue during one of my audit procedures and took it to my manager. She asked me if it had a P&L impact. I had no idea what she meant! And, I was just about to finish…
Read MoreAccounting 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 in a business is the accounting and finance function. As you embark on this new year, consider the following Accounting Resolutions. PLAN If you’ve not…
Read MoreYour Chart of Accounts Matters
While it may not seem like a significant part of your accounting structure, your chart of accounts is the foundation. Often overlooked, your chart of accounts provides financial clarity in your business and supports informed decision-making. Organization It’s important that your chart of accounts is well organized. Your Chart of accounts will start with your…
Read MorePitfalls 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 to be familiar with how the automation works and what the expected outcomes are. Understanding How Automation Works Whether it’s scanning receipts to pull…
Read MoreTop 5 Year-End Accounting Tips
With the end of year approaching, it’s important to ensure your accounting records are in order to avoid unnecessary work and stress, during an already busy time of year! » 1. RECONCILE Make sure you have reconciled each of the following accounts: Bank Accounts Stripe, PayPal or Other Payment Accounts Credit Cards Loan Accounts…
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