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Tag Archives: A & S Financial

6 Key Advantages of Cloud Accounting

Business Management, Financial Management, Software SolutionsBy Sherrell T MartinJune 23, 20142 Comments

Every day we turn on the TV or read an article and hear about the benefits of working in the cloud. How the IT industry is using it to make a bigger mark in the world. How the medical industry is using it to become more innovative. But what about YOUR industry? Yes, there are…

S Corp vs LLC

Which Type of Entity Is Best For Me?

Business Management, Financial Management, Mindset, My ThoughtsBy Sherrell T MartinJune 12, 2014Leave a comment

I often receive questions about how to set-up a business. Potential new business owners are excited to set-up their businesses, but they don’t always know the best way to set-up their business. There is tons of information on setting up a new business and you should do your due diligence and research on each type…

Top 3 Money Management Strategies to Keep More Money In Your Business

Business Management, Cash Flow, Financial ManagementBy Sherrell T MartinNovember 29, 2012Leave a comment

I recently did a speech on the 5 simple strategies to keeping more money in your business.  In preparing for this speech I determined that 3 of those strategies were the MOST important. 1. Re-aligning your goals. It is important to determine the direction your business is going and gain clarity on why your business…

SALES TAX: SHOULD YOU BE CHARGING IT?

Financial ManagementBy Sherrell T MartinOctober 30, 20122 Comments

Sales tax is a simple yet complicated thing when you are a business owner.  Am I required to charge it or not?  Can I be exempt from paying it or not? The basic rule is this: sales tax should be charged to the end-user of the item purchased.  In most states, most items are assessed…

TOP 3 REASONS WHY VIRTUAL ACCOUNTING IS THE WAY TO GO

Financial ManagementBy Sherrell T MartinOctober 20, 20122 Comments

This day and age we are living in a technology society.  Everything is online – banking, photos, shopping, music, TV shows and even movies.  Yet at the same time, I am amazed at how many people don’t want to do things online.  Are they going to stay in the paper age forever? Even with accounting. …

DO YOU HAVE FINANCIAL CONTROL?

Business ManagementBy Sherrell T MartinOctober 9, 2012Leave a comment

Financial control is defined as the point where someone is in charge of maintaining a central system that is devised, formulated, and approved to be the guidance regarding the accounting methods and procedures of a company.  It is the one thing that can make or break the success of a business.  It is the skill…

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…

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