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Category Archives: Financial Management

How to Self-Onboard Your Contractor in Quickbooks Online

Financial Management, Job Costing, QuickBooksBy Sherrell T MartinNovember 19, 20191 Comment

When working with subcontractors and outside service providers, it is important that you obtain a Form W9 from them so that you can are in compliance come tax time. Many contractors don’t want to complete one because they don’t want to report the income. But don’t let them convince you that not getting one is…

How to Prevent Loss of Profitability Using QuickBooks Online

Financial Management, Profitability, QuickBooksBy Sherrell T MartinAugust 16, 20171 Comment

Understanding profitability is a key task associated with managing the finances in your business.  You need to understand it at a deeper level than just total revenue minus total expenses. You need to know your profitability on a per project or per customer basis. Just like many other business owners, you are going about your…

Financial Strategy – The Fourth Pillar of Financial Success

Financial ManagementBy Sherrell T MartinJuly 22, 20161 Comment

Today we are going to talk about the last pillar – Financial Strategy which focuses on analytics, pricing and strategies to grow your business.  See most people think that you can just put up a shingle and poof business will come.  But it’s just not that simple.  So if you think that’s the way it’s going to…

Financial Systems and Solutions – The Third Pillar of Financial Success

Financial ManagementBy Sherrell T MartinJuly 15, 2016Leave a comment

  This is the third week now that we are talking about the 4 Financial Pillars of Success™. These pillars are what I believe are the foundation for your businesses financial success. We have talked about pillar one which was Financial Record Keeping and pillar two was Financial Management. This week we are talking about…

Financial Management – The Second Pillar of Financial Success

Financial ManagementBy Sherrell T MartinJuly 8, 2016Leave a comment

Last week I introduced you to my 4 Financial Pillars of Success™. If you recall these pillars are what I believe are the foundation for your businesses financial success. Last week we talked about pillar one which was Financial Record Keeping. Today we are going to discuss pillar two which is Financial Management .  This pillar…

Financial Record Keeping – The First Pillar of Financial Success

Financial ManagementBy Sherrell T MartinJuly 1, 2016Leave a comment

We all agree that every strong structure needs a solid foundation to prevent it from crumbling to pieces. This foundation is the basis or shall I say is necessary in order for a structure to withstand the earthly elements and be around for awhile. Well it’s the same in business. Your business needs to have…

4 Ways to Cut Costs and Increase Your Bottom Line

Budgeting, Financial Management, ProfitabilityBy Sherrell T MartinJune 28, 2016Leave a comment

How many times have you looked at your bottom line and you were shocked and amazed? You thought to yourself “where did the money go?” Well trust me when I tell you, you are not alone. Every year millions of businesses, large and small, have this happen to them. How do you prevent it you…

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 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…

3 Steps to Managing Your Money From BIG Contracts

Financial ManagementBy Sherrell T MartinJuly 20, 2015Leave a comment

  I am sure by now you have heard time and time again that it takes hard work and consistency to grow your business.  So what do you do when you finally get that client or contract or project that will catapult your business into a new stratosphere? A project that is so big that…

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