Operating Income
3 Ways to Reduce Overhead in Your Business
If you’re looking to improve your bottom line, one of the most effective ways to do so is to reduce your overhead costs. Minimizing your overhead not only increases profitability,...
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,...
Top 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! ...
Understanding Deferred Revenue
Deferred Revenue Deferred Revenue is revenue that you have not yet earned, but that you’ve received in cash. Revenue should not be reported in your profit & loss statement until...
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,...
Using Expensify’s Credit Card Feed
Expensify is a tool that many small business owners use to manage their expenses and receipts. One way to make it more valuable is to set it up to pull...
8 Simple Changes That Will Solve Your Cash Flow Problems
If your business is struggling due to tight cash flow, consider these eight simple operational changes that can make an immediate impact 1: Increase billing frequency. If you typically bill...
The Difference Between Operating Income and Net Income
You may be confused when you hear someone ask “are operating income and net income the same?” In most cases, they are not. If your net income and operating...