Posts by Shauna Huntington
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: It tells you how healthy your business is. Specifically, what you own versus what you owe. Your balance sheet can tell you whether or not…
Read MoreThe Books on Our Shelves
Get Better – this core value reminds us to strive for more training to always be experts in tools our clients need, better our understanding of industry specific trends, and personal development physically and mentally. This core value does not strictly apply to just the work place, but also to our personal lives. Providing opportunities…
Read MoreExcel Shortcuts
Microsoft Excel is a valuable tool but can also be tricky! There are many shortcuts that can help. Luckily, we have some in-house experts that excel in Excel. Many of our controllers use a set of shortcuts that help in their work. They can be used to insert or copy formulas, pull data from different…
Read MoreAccrual 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 when you have incurred those expenses, instead of it aligning when the cash is actually received and actually goes out. Example On an accrual…
Read MoreSurviving 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 this this pandemic and we’re just starting to get our heads above water. Running a business in a “normal” year is no easy feat, but…
Read More