The Xango Blog

Discover essential best practices to help manage the backend of your services business. Explore topics ranging from bookkeeping and tax management to optimizing operations and more. The Xango blog is your comprehensive resource, designed to turn your business aspirations into tangible realities.

A Beginner's Guide to the Small Business Deduction (SBD) in Canada

Navigating the world of Canadian taxes can be a daunting task, especially if you're a small business owner with limited experience. However, there's good news! There's a tax incentive called the Small Business Deduction (SBD) that can significantly benefit your business.

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6 Crucial Bookkeeping Tips for Landscaping Businesses

Running a landscaping business demands meticulous planning and execution of tasks to create beautiful outdoor spaces. In the midst of designing gardens and maintaining lawns, bookkeeping might not be the first thing on your mind.

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5 Essential Bookkeeping Tips for Cleaning Businesses

Running a commercial cleaning business is no small feat. Managing a team, satisfying clients, and ensuring top-notch cleaning services can be overwhelming. Amidst all these responsibilities, bookkeeping for your cleaning business might not be high on your priority list.

The Difference Between Growth and Maintenance CapEx

In the world of business, capital expenditure (CapEx) plays a pivotal role in shaping an organization's future. However, not all CapEx is created equal. When it comes to managing a company's financial resources, it's essential to distinguish between growth CapEx and maintenance CapEx.

Effective Accounts Receivable Management Tips for Interior Designers

Interior designers often spend a significant amount of time and effort creating beautiful and functional spaces for their clients. However, ensuring the financial health of your interior design business is equally important.

Crafting a Budget for Your HR Consulting Firm: A Step-by-Step Guide

Budgeting is a crucial element of financial management for HR consulting firms. It helps you plan and allocate resources efficiently, ensuring that your business remains financially stable while achieving its strategic goals. In this article, we'll provide you with a step-by-step guide on how to create a budget for your HR consulting firm.

Ensuring Financial Health: A Comprehensive Review Process for Medical Clinics

Financial stability is the cornerstone of any successful medical clinic. To achieve this, regular financial reviews are crucial. A thorough financial review process can help identify areas for improvement, ensure compliance, and optimize the clinic's financial health. In this blog post, we will outline a comprehensive financial review process tailored to medical clinics.

Boosting Your Cash Flow: The Power of Timely Invoicing

Running a small business comes with its fair share of challenges, and managing cash flow is undoubtedly one of the most critical. One often-overlooked strategy that can significantly improve cash flow for small businesses is invoicing right after the service is provided. In this post, we'll explore the benefits of this approach through two scenarios—one where timely invoicing is employed and another where it's neglected.

Why You Need a Bookkeeper for Your Engineering Firm

Running an engineering firm can be an exhilarating experience. From designing cutting-edge structures to solving complex technical challenges, engineers are constantly pushing the boundaries of innovation. However, amidst the excitement of creating groundbreaking solutions, managing the financial aspects of your engineering firm can often become overwhelming.

Don't Miss Out on the $20k Forgivable Portion of the CEBA Loan

The CEBA loan has been a lifeline for many small to medium sized businesses, offering up to $60,000 to help support them in tough times. But now comes a key moment – paying it back. By December 31, 2023, you owe $40,000. If you pay on time, you won’t have to pay the last $20,000. Miss that, and you need to repay the entire $60,000 plus interest by the end of 2025.

5 Essential Bookkeeping Tips for Marketing Agencies

Bookkeeping is the unsung hero of managing a marketing agency's financial health. Without proper bookkeeping practices, it's challenging to keep your agency on a profitable path. In this article, we'll explore five essential bookkeeping tips for marketing agencies to help you optimize your financial management and ensure long-term success.

6 Tips for Cash Flow Management in Architecture Firms

Cash flow management is a critical aspect of running a successful architecture firm. The ebb and flow of income and expenses can be challenging to navigate, but with the right strategies in place, you can maintain financial stability and ensure your firm's long-term success. In this article, we'll explore six valuable tips for effective cash flow management in architecture firms.