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GrowthForce Blog

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Why Work Remotely with an Outsourced Accounting Provider?

Many small and medium businesses are turning to outsourced bookkeeping, accounting and controller services. Advancements in technology have made it possible to gain reliable and accurate financial intelligence from ...

What is Management Reporting and How Much Does it Cost?

When hiring an accounting service, you should look for one that starts with “the end in mind.” Hiring someone for only bookkeeping and accounting will ...

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 ...