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Author Archives: Sherrell T Martin

How To Run Financial Reports in QuickBooks Online

Cloud Accounting, QuickBooksBy Sherrell T MartinJune 26, 2016Leave a comment

One of the questions I get most often is “can you send me the most recent financials.” Even though we are using QuickBooks Online and working in a collaborative environment, clients still ask me this question. Even when I am training on QuickBooks and I ask “what is one thing you want to get out…

How To Enter Time in QuickBooks Online

Cloud Accounting, QuickBooksBy Sherrell T MartinJune 10, 2016Leave a comment

Tracking employee time is an absolute must. It is the biggest expense in any business and for that reason needs to be monitored closely.  Many businesses experience project losses due to poor time management; and that leads to a loss of profits. And let’s face it profit is the name of this game. Now while…

Which business structure should I be?

Business SuccessBy Sherrell T MartinMay 14, 2016Leave a comment

One of the most asked questions I get is “should i set up my business as a Limited Liability Company (LLC) or an S-Corporation (S-Corp for short). And the short answer is – it depends. Depending on who you ask, an attorney or an accountant, you will get different opinions. So let me equip you…

How Do I Record My Expenses On My Profit & Loss

Finance SuccessBy Sherrell T MartinApril 1, 2016Leave a comment

I recently did a workshop on budget and finance. The first part of the day we talked about the importance of a budget and how to make a budget. And we actually built a budget for each person. The second half of the day we focused on finance and understanding your financial statements. When we…

5 Tax Tips Every Small Business Owner Should Know

TaxesBy Sherrell T MartinMarch 4, 2016Leave a comment

  Our firm does not do taxes, even though I did them for 12 years. When I began my practice that was a service I simply did not want to offer. However, we do partner with CPAs and other tax professionals to be certain that the guidance we provide our clients is in line with…

3 Reasons Why You Need A Budget In Your Business

BudgetingBy Sherrell T MartinFebruary 16, 2016Leave a comment

The first month of the year is over and now it’s time to compare how you did last month. But you can’t because you don’t have anything to compare to since you haven’t yet completed your budget for the year. It is important that you prepare a budget, no matter how small or large your business…

5 Reasons Why We Love LivePlan

Cloud Accounting, Software SolutionsBy Sherrell T MartinJanuary 14, 2016Leave a comment

Starting a business is tough and maintaining it can be even tougher. And one tool that will help you measure your success is a business plan. I know I know – you don’t want to do a business plan.  Well here’s the thing – without a well thought out plan you have no way of…

GUEST BLOG: What You Need from Bookkeeping Software

Cloud Accounting, Guest BlogsBy Sherrell T MartinJanuary 14, 2016Leave a comment

Last month we had the honor of being featured on the website of our favorite app – Hubdoc!  They asked us accounting folks some questions around a bookkeeping software and how to chose the best one.  Along with a few of other colleagues in the industry we shared our thoughts.  Check it out… As see…

Top 10 Things You Need To Do To Prepare Your Business For 2016

Business SuccessBy Sherrell T MartinDecember 21, 2015Leave a comment

I can’t believe it’s almost 2016.  I mean it seems like just yesterday we were enjoying summer and the day before that we were ringing in 2015.  Time flies and waits for no one. And as a business owner it seems like it flies by even faster. But what we can’t do is let it…

3 Key Reasons Why You Should Manage Your Receipts in the Cloud

Cloud Accounting, Technology TipsBy Sherrell T MartinNovember 30, 2015Leave a comment

As a small business owner, you must stay on top of your expenses.  Keeping track of your receipts is what will help you stay on top of your costs, stay out of trouble with Uncle Sam and help you manage your cash flow. Staying on top of your costs. Keep track of your receipts helps…

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