Blog | GritForce Bookkeeping

The Difference Between Cash-basis and Accrual Basis of Accounting

Cost Benefits of Working Remotely

Why Start-Ups Need Bookkeeping

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Benefits of Bookkeeping for Small Businesses

When an entrepreneur first starts up a business, it’s exciting to make the first sale and watch customers walk through the door....

Cash Flow Forecasting

What is Cash Flow Forecasting? Cash flow forecasting is a central part of a company’s financial management and operations. A cash flow...

COVID-19 Impact on Small Businesses

Small businesses are the core of America’s economy. Small business provides opportunities for entrepreneurs, support local communities,...

Budgets for Nonprofits

Nonprofits are unique organizations in that they raise money to further their mission, not create a profit, hence the name. Examples of...

1099 Compliance

Organizations that make payments to independent contractors and other non-employees are at the time of the year when they must prepare...

Forecasting - Part I: StatTools

A forecast is a planning tool that uses various methods to build predictions of the future based on past and present data. Businesses use...

Budgets - Part I: Childcare Centers

Keeping a budget for your childcare center is crucial. A budget allows you to plan how you will operate your business, taking into...

Internal Controls for Small Businesses - Part II: Purchasing Cards and Time & Expense Reimbursem

If your company uses procurement cards (p-cards) and has staff that submits time and expense (T&E) claims for reimbursement, you should...

Internal Controls for Small Businesses - Part I: Vendor Management

As you may be aware from the news lately, “occupational fraud” (also referred to as “white collar crime”) can occur anytime and in any...

Chart of Accounts, the Backbone of your Accounting System

When you think about accounting, the first thing that comes to mind is probably “financials statements,” such as the balance sheet,...

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