Small Business Resources
Navigating the Corporate Transparency Act & Beneficial Ownership Reporting
At Fortiviti, we understand that keeping up with new regulations can feel overwhelming, especially when it involves unfamiliar terms or processes. The Corporate Transparency Act (CTA) is one such regulation,...
4 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...
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...
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...
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...
Decoding Key Accounting Terms Every Business Owner Should Know
Navigating the financial aspects of your business can be challenging, but understanding essential accounting terminology is a crucial step toward financial success. Here, we break down some key terms that...
Setting Up ACH Payments for your Business
Setting your business up to initiate ACH payments can be instrumental in improving your business’ cash flow. It is typically simple to setup, but it is not automatic. • 1...
What is A Prepaid Expense?
Prepaid Expense A Prepaid Expense is an expense for something that you have already paid for, but you haven’t yet received the benefit of that expense. For example, if you...
Customer Payment Options that Improve Cash Flow
Cash Flow is one of the most critical factors to operating a successful business. Growth requires cash and if your business is not able to effectively manage your cash flow,...
Accounting Treatment of CD’s
With FDIC limits still being a hot topic these days, we’ve seen lots of different tools being used for people and companies to diversify their cash and keep it safe....