Tag: cash flow

Christmas can be a big burden financially, with gifts, parties and festivities, the dollars can add up. Below are some simple tips you can implement to ease the strain on your wallet this holiday season.…  Read more

As we approach the end of the year, most businesses are planning to close over Christmas time. Before you know it there will be a list of things to deal with prior to a planned…  Read more

If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritizing what you need to do right now –…  Read more

Nobody wants their business to fail. It’s impossible to predict the future with 100% accuracy. However, a cash flow forecast will help you prepare for different possible scenarios. Cash flow forecasting estimates how much cash…  Read more

Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business– everything from income to expenses to tax compliance–…  Read more

Every small business owner knows how challenging it is to cut down expenses without somehow compromising internal or external quality. The first step to reducing your overhead costs is to evaluate every single expense you…  Read more

As an accounting firm, we understand that it can be hard to stand out amongst the crows. But here at XO Accounting, we pride ourselves on ensuring you get the most our of your business…  Read more

Preparing for tax season is really a year-round endeavour. Tip number one for small business owners (SMB) is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come…  Read more

We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. After living through the COVID-19 lockdowns, we have come to realise that it is more…  Read more

Non payers are an unavoidable liability for most small businesses and can cause serious cash flow problems. Often, small business owners are baffled when facing the issue of non payment – particularly is the customer…  Read more