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Category Archives: Financial Management

THE A,B,C’S OF RECORDING EXPENSES

Financial ManagementBy Sherrell T MartinSeptember 28, 2012Leave a comment

When recording business expenses, it’s important to remember that all costs fall into three categories – direct costs, indirect costs and general & administrative costs.  It is important to account for your expenses accurately because it helps you understand where you are spending your money and at what point your business begins generating a profit. …

EXPENSE VS EXPENDITURES: WHAT’S THE DIFFERENCE?

Financial ManagementBy Sherrell T MartinAugust 30, 20122 Comments

This week’s blog will be short and sweet.  I was having a conversation with a client and she kept saying expenditure and I kept saying expense.  When finally she asked, “Well what’s the difference?”  Well believe it or not, there is a difference.  A subtle one – but a difference none the less.  And depending…

IS YOUR BUSINESS MAKING A PROFIT OR IS IT REALLY BREAKING EVEN?

Financial ManagementBy Sherrell T MartinJuly 12, 2012Leave a comment

Profit (n.): the excess earnings over expenditures you make from providing services or selling products Breaking Even (adj.): the point or level of financial activity at which expenditures equal income; no profit or loss Is your business making a profit?  Most people truly believe they are.  But if they were to sit down and really…

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