GrowthForce, Houston, TX Videos

82% of businesses fail due to cash flow issues! Cash flow shortages can prevent you from covering payroll or expenses. Don’t let poor cash flow management put your business at risk. Here are some of our top tips: 💡Adjust your business plan for better
82% of businesses fail due to cash flow issues! Cash flow shortages can prevent you from covering payroll or expenses. Don’t let poor cash flow management put your business at risk. Here are some of our top tips: 💡Adjust your business plan for better profit margins! Use job costing to find out which areas of your business are profitable & focus on what works 💡Speed up receivables to improve cash flow! Send invoices sooner, ask for deposits, & make it easier for clients to pay with options like credit cards & mobile payments. 💡A good vendor relationship can help you negotiate payables in a cash flow crunch. Open discussions with loyal vendors to extend payment terms if you’re in a tight spot. 💡 Management accounting can save your business! By monitoring KPIs like profit margins and days sales outstanding, you can avoid cash flow shortages altogether. Learn more: https://hubs.li/Q02ZKWH70

Thinking of upgrading your accounting system? It's about that time of the year where you start rethinking your financial strategy. Consider Sage Intacct, Inc. One study found a three-year quantifiable benefit of + $1
Thinking of upgrading your accounting system? It's about that time of the year where you start rethinking your financial strategy. Consider Sage Intacct, Inc. One study found a three-year quantifiable benefit of + $1.7 million and an ROI of 441% - WOW. From streamlining manual tasks to improving decision-making with real-time insights, this ERP system transforms your bottom line. Read more: https://hubs.li/Q02ZKXGH0

Nonprofits operate differently than for-profits. Rather than profit, their goal is impact—which makes proper fund management vital to success. One way to do this? Fund accounting. It helps categorize funds for transparency, compliance, and effective mis
Nonprofits operate differently than for-profits. Rather than profit, their goal is impact—which makes proper fund management vital to success. One way to do this? Fund accounting. It helps categorize funds for transparency, compliance, and effective mission-driven spending. There are three key fund types for nonprofits: 👉Unrestricted funds 👉Restricted funds 👉Temporarily restricted funds Read More: https://hubs.li/Q02Z2mcp0

One of the many hats executive directors wear is building board confidence. A Profit & Loss by Department report is your go-to! It shows how each program impacts your finances at a glance, breaking down costs and revenue for each program, fundraising eff
One of the many hats executive directors wear is building board confidence. A Profit & Loss by Department report is your go-to! It shows how each program impacts your finances at a glance, breaking down costs and revenue for each program, fundraising efforts, and support costs. By calculating the cost per person served, you can clearly demonstrate the tangible impact of donations. This report not only boosts transparency but also strengthens donor trust and helps drive organizational success. Listen to what Stephen King has to say about it...

Your pricing strategy could be the difference between profit and loss! In today's economy, simply selling more isn’t enough (don't worry, we wish it was too!). Strategically adjust your prices to keep clients and boost profitability. Focus on these 3 ar
Your pricing strategy could be the difference between profit and loss! In today's economy, simply selling more isn’t enough (don't worry, we wish it was too!). Strategically adjust your prices to keep clients and boost profitability. Focus on these 3 areas: 1️⃣ Study Your Margins 2️⃣ Identify Your Ideal Clients 3️⃣ Assess Your Price Potential Smart strategies lead to satisfied customers & sustainable growth! Download your guide: https://hubs.li/Q02Ysb9r0

Nonprofits often face a funding rollercoaster. Multi-year grants create budget surpluses one year and deficits the next. Sound planning can make all the difference! Here are a few strategies to manage this challenge: ➔Monthly Grant Reports: Track monthl
Nonprofits often face a funding rollercoaster. Multi-year grants create budget surpluses one year and deficits the next. Sound planning can make all the difference! Here are a few strategies to manage this challenge: ➔Monthly Grant Reports: Track monthly income and expenses to keep spending on target. ➔Accrual Accounting: Recognize revenue as it’s earned, helping match funds to expenses. ➔Board Education: Keep board members informed on multi-year funding’s impact to avoid confusion over apparent 'deficits.' With clear communication and strategic planning, nonprofits can make multi-year grants work for long-term success. How does your organization handle these challenges? Read more: https://hubs.li/Q02Ysg0z0

At GrowthForce, we believe that strong relationships lead to better results. Long-term partnerships allow us to truly understand our clients' needs with trust building over time. We see our clients as partners, not just projects. Check out why our client
At GrowthForce, we believe that strong relationships lead to better results. Long-term partnerships allow us to truly understand our clients' needs with trust building over time. We see our clients as partners, not just projects. Check out why our clients choose to stay with GrowthForce for the long haul: https://hubs.li/Q02Wprx50

This might be a little bit of a hard truth, but your financial management strategy and your human capital strategy should be working in tandem if you want to be successful. So, let's talk about the importance of cascading goals. Starting from the top, th
This might be a little bit of a hard truth, but your financial management strategy and your human capital strategy should be working in tandem if you want to be successful. So, let's talk about the importance of cascading goals. Starting from the top, the company, the department, down to the individual. Take notes while Stephen King walks you through it...

Small business owners: Do you know when to capitalize an asset vs. expense it? A clear capitalization policy is essential to business success. Fixed assets like property, plant, or equipment are major expenses. Capitalizing them impacts your balance shee
Small business owners: Do you know when to capitalize an asset vs. expense it? A clear capitalization policy is essential to business success. Fixed assets like property, plant, or equipment are major expenses. Capitalizing them impacts your balance sheet. Need more tips? Click here... https://hubs.li/Q02R_r1N0

Anybody who knows Stephen King knows he's passionate about putting his 35 years of experience to use by helping nonprofits run like well-run for-profits. Why? Because nonprofits often face more challenges than for-profits. One big reason: annual audits..
Anybody who knows Stephen King knows he's passionate about putting his 35 years of experience to use by helping nonprofits run like well-run for-profits. Why? Because nonprofits often face more challenges than for-profits. One big reason: annual audits...

In the AEC industry, accounting isn't just about numbers; it's about ensuring your firm's future vision. The key is industry expertise, and it all starts with choosing the right software to trust. The 2 firms GrowthForce recommends is {{facebook_mention(
In the AEC industry, accounting isn't just about numbers; it's about ensuring your firm's future vision. The key is industry expertise, and it all starts with choosing the right software to trust. The 2 firms GrowthForce recommends is Intacct & Intuit QuickBooks - but which should you choose? Each has its advantages... Read the full article here: https://bit.ly/3L55arD"

June 16th marks a special milestone for us – our 20th anniversary! For two decades, we've had the privilege of growing with our dedicated team and serving our amazing clients We owe our success to each and every one of our hardworking team members, our
June 16th marks a special milestone for us – our 20th anniversary! For two decades, we've had the privilege of growing with our dedicated team and serving our amazing clients We owe our success to each and every one of our hardworking team members, our loyal clients, and our supportive community. From the bottom of our hearts, we thank you for being part of our story. Here's to many more years of remaining dedicated to our mission: empowering businesses and nonprofits to change the world! 🎉🚀