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Author Archives: Sherrell T Martin

How Do I Record My Expenses On My Profit & Loss

Financial ManagementBy 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 ManagementBy 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…

How to Create an Accounting Workflow That Will Increase Your Cash Flow

Cash Flow, Cloud AccountingBy Sherrell T MartinOctober 19, 2015Leave a comment

 Running a business mean you are constantly running around doing everything in your business.  That’s what CEO stands for – Chief Everything Officer.  In order to manage it all you need to have a workflow within every department; not just your operations. That is where many business owners fail.  They create processes around their main…

#1 Reason Why You’re Not Turning a Profit on Each Client

ProfitabilityBy Sherrell T MartinOctober 14, 2015Leave a comment

  One of the main challenges service based business owners have is determining their profitability on a client by client basis. Especially when some of their costs needs to be spread over all of their clients. It’s a calculation the average bear won’t know or understand how to calculate. But it is a necessity, if…

5 Reasons Why I Love TSheets for Tracking Time

Cloud Accounting, Financial Management, Payroll, Software SolutionsBy Sherrell T MartinSeptember 26, 2015Leave a comment

If you have never heard me say it before you will hear it now.  I LOVE TECHNOLOGY! I absolutely do.  So when I discovered that I could use other software apps to help run my business and create efficiency too, I wanted to implement them all.  But there are so many.  I couldn’t implement them…

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