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GrowthForce Blog

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How To Prevent Billing Fraud

3 min read On average, a billing scheme lasts 24 months before it’s detected, and the median losses amount to $100,000 per case. (Report to the Nations on Occupational Fraud and Abuse: 2018 Global Fraud Study) The ...

Why Should You Care About Days Payable Outstanding?

While daily sales outstanding calculates the average time it takes to collect cash from sales, the days payable outstanding (DPO) ratio is the average ...

Financial Reporting 101 What to Look For: Labor Costs

One of the most important decisions a small business will make is pricing. How a business sets up its pricing structure depends on a couple of variables, ...

How to Establish Internal Controls with QuickBooks®

Let’s be honest, mapping out and setting up internal controls within your organization is not the most exciting, or easy task to tackle on your forever ...

Small Business Fraud Costs More Than You Think

2 min read Every two years the Association of Certified Fraud Examiners (ACFE) releases the Report to the Nations on Occupational Fraud and Abuse. This ...

Divide and Conquer Business Fraud with Separation of Duties

3 min read A key internal control for reducing the risk of business fraud is the separation (or segregation) of duties. While it is a basic internal ...

Turn Financial Data into Intelligence for Nonprofits

3 min read A good way to get an entire nonprofit organization on the same page is to engage different departments in gathering financial data to discuss ...