Accounting Solutions
How do you Handle Prepaid Insurance?
Prepaid Insurance is the amount of money that you’ve paid out for your insurance premiums that you haven’t yet used. With many business insurance policies, you have to pay a...
3 Things to Consider Before Scaling Your Business
If you’ve been running your business for a while, you might be thinking it’s time to scale to the next level. Before you do, make sure your business is ready...
3 Ways to Save Yourself a Headache at Year-End
Navigating the end-of-year financial tasks can be a daunting challenge for small business owners. With a bit of planning and organization, though, you can make your life easier come December....
If 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...
Why 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...
5 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...
Understanding 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...
Accounting 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...
Your 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...
Pitfalls 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...