GrowthForce eNews - April, 2010

Table Of Contents


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GrowthForce Blog

We invite you to visit the GrowthForce Blog and gain access to the best practices and lessons learned from working with hundreds of small businesses. Our blog offers a chance to gain access to a wealth of accounting and QuickBooks knowledge gained by our expert staff. We encourage our readers to use these valuable insights into how we address client concerns as another resource helping to make your business more successful. Check out these recent blog posts:

Click here to visit the GrowthForce blog.


Upcoming Events

Webinar - How to Improve Cash Flow

Successfully managing cash flow in a small business can mean the difference between staying afloat or going under in these challenging economic times. Discover changes you and your clients can make which will resolve common cash flow problems and improve financial position.

Wednesday, May 5th, 2010
11:00 a.m. CST

Taught by GrowthForce President & CEO, Stephen King, CPA*, Certified QuickBooks Pro Advisor


Webinar - Financial Reporting and Key Performance Indicators (KPI's) - "You Don't Know What You Don't Know"

The best run companies keep their fingers on the pulse of their business with Key Performance Indicators. Service businesses have their unique reporting needs. This webinar focuses on the reports and metrics every successful small service business should have.

Tuesday, May 18, 2010
11:00 a.m. CST

Taught by GrowthForce President & CEO, Stephen King, CPA*, Certified QuickBooks Pro Advisor


QuickBooks Training Class

This introduction to the QuickBooks system offers everything a novice user of QuickBooks needs to know to use. You'll learn about creating Lists, Chart of Account, Items, Centers, bank account and balance sheet activities, selling and paying for goods and services, reporting results, tracking time, designing forms and letters.

The cost is just $299 per person. Discounts are available for multiple attendees from one company. Each attendee will receive a comprehensive QB training procedure guide and CPAs are eligible for eight hours of CPE credit.

Wednesday, June 16th, 2010
8 a.m. - 5 p.m. CST
location:
Administaff Training Center
19001 Crescent Springs Drive
Kingwood, TX 77339

Taught by GrowthForce Senior Manager of Accounting Systems, Margaret F. Gow, CPA*, Advanced Certified QB Pro Advisor

Register for QuickBooks Training


Thursday, April 22, 2009

Hello,

Learn How to Improve Your Cash Flow Did you hear the sigh of CPA's exhaling at the end of another tax season? Now we're doing PBCs to help auditors down the home stretch so they can enjoy what's left of a beautiful Spring.

This year's client visits found many more facing difficult cash flow positions. With this in mind we offer an insightful "Five Rules to Improve Cash Flow" white paper you may want to share to help your clients to help make process changes which can show immediate increase in cash flow.

If your clients use QuickBooks and you need CPE, then you won't want to miss the QuickBooks User Conference on May 12th. Intuit is sponsoring a day long conference in Houston.

In this issue of eNews we also share a QuickBooks tip on a problem that is more common than Intuit would like to admit - how to deal with data corruption. This is the most recent post in our new blog, where we'll share lessons learned from serving hundreds of small business clients. Also, this month's Vistage article is about creating a great elevator pitch. Check out our upcoming webinars and other announcements, as well.

So breath deeply. Enjoy what's left the Spring air. And kick back with this issue of eNews.


The 5 Rules of How to Improve Cash Flow

The Five Rules to Improve Cash Flow GrowthForce has studied the best practices for helping small businesses improve their cash flow and we've summarized them into a new white paper. The five rules are:

  1. Prevent cash flow problems before they happen
    Many businesses are not smart about how they go about taking on new clients. If your clients are not getting paid up front for their services then they are giving their clients a loan. Find out what they should be checking before extending credit to their clients.
  2. Get money faster
    Some small business owners often don't want to accept credit cards because of the merchant account fees. For many businesses accepting credit cards is a great return on investment. Find out if your clients can benefit.
  3. Implement best practices for collections
    Small businesses often wait 30 days to initiate a collection call with a past due client. Find out why this is a mistake and how to change the dynamics of the collection process. You will also find out how this will improve your clients customer service at the same time.
  4. Be ready for collections objections
    Another best practice is to arm the person making collection calls with a list of common objections and ways to overcome them. You'll see how your clients can demonstrate that their business is serious about high quality service and also serious about getting paid.
  5. Manage your payroll expenses wisely
    Find out how implementing best practices of payroll expense management can help your clients improve cash flow.
Click here to read our full report on The Five Rules to Improve Cash Flow and discover why using these best practices can lead to improved cash flow.


Hounton QuickBooks User Conference

Houston QuickBooks User Conference

Intuit is sponsoring the first QuickBooks User Conference in Houston on Wednesday, May 12th and GrowthForce has been chosen as one of three organizers. Dubbed "Plug Into the Power of QuickBooks", this conference is a unique opportunity to educate you and your staff on how to unleash the power of the most popular Intuit products and add-ons.

We'll have four tracks: Basic QuickBooks, Advanced QuickBooks, Managing Your Practice and Extending QuickBooks, for users of all levels and industries. Come and learn everything from the newest 2010 features to help your business grow and advanced automation tools you never knew existed. CPAs get 5 hours CPE credit.

Registration Details

The registration fee is $225 per person but friends of GrowthForce are eligible for $25 discount. Register at www.qbookusers.com with ID Code GF25 to receive this discount. Feel free to pass this discount code on to anyone who might want to attend.

There are discounted hotel rates at the Crowne Plaza Houston for out of town conference attendees. For reservations, click here.


GrowthForce CEO Named to Board of Texas Society of Certified Public Accountants

Steven King, CEO and Nancy Rutledge, Houston CPA Society Executive DirectorGrowthForce CEO Stephen King has been named to the Board of Directors of The Texas Society of Certified Public Accountants (TSCPA). TSCPA is a nonprofit, voluntary, professional organization representing Texas CPAs. TSCPA has 20 local chapters statewide and has 28,000 members, the largest in-state membership of any CPA organization in the nation. The Society is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.

Steve has been serving on the Board of The Houston CPA Society, a Society of the Texas Society of Certified Public Accountants since April 2009. With this new nomination, he takes on a larger role helping to guide the direction of the Board on both a local and state level.

Steve has been instrumental in providing guidance to the Board of The Houston CPA Society. His outreach to local businesses and organizations has played a key role in creating valuable alliances. We are pleased he will now bring the same level of energy and vision to the state level," said Nancy A. Rutledge, Houston CPA Society Executive Director.


Vistage Tip – How to Develop the Perfect Elevator Speech

Develop Your Elevator SpeechEvery month we share one of the many tips we get as a member of Vistage.

Do you have a great concise response when someone asks "So ... tell me what you do again?"

If not, then you need to polish your elevator speech and Vistage has some great recommendations. Click here for "How to Develop the Perfect Elevator Speech".

Vistage is the world's largest CEO peer group made up of CEOs who help each another make better decisions, achieve better results for their businesses and enhance their lives. They collaborate over the Web, receive one-on-one coaching, attend peer group monthly meetings, tap into a vast online resource library and learn from expert speakers. Click here to visit the website for information about Vistage.


Contact GrowthForce Click here if you'd like more information about GrowthForce's outsourced bookkeeping and controller services
call 281-358-2007 or visit our website at GrowthForce.com. *GrowthForce is not a CPA firm.

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