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GrowthForce Blog

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Three Reasons Nonprofits are Turning to Outsourced Bookkeeping

Nonprofit organizations provide our communities with many useful and oftentimes life-saving services. Nonprofits tend to focus on their mission rather than their profit margins. However, this doesn’t mean that ...

Red Flags That Prompt An IRS Audit For Small Business

While small business audits are less common than those for both individuals and larger corporations, studies indicate audit rates are on the rise, and ...

Reading a Balance Sheet: Liabilities in a Small Business

Much like how a company’s assets are broken down into subcategories, liabilities are segmented as well. Usually, liabilities are divided into two major ...

Reading a Balance Sheet Part 2: Intangible Assets

As you move further down a balance sheet, there are additional assets that are recorded in certain situations. Moving past line items such as cash and ...

Reading a Balance Sheet Part 1 : Common Assets

As an overall snapshot of a company’s financial health, the balance sheet provides insight into a business’s various assets, liabilities, and ...

3 Tips to Lower Days Sales Outstanding and Boost Cash Flow

Cash is king and critical to your survival. In many cases, improving cash flow is as simple as making small changes to collections processes, but in the ...

Financial Reporting 101 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, ...