The farming industry has shown great resilience in dealing with what has been one of the toughest years in a long time. With the additional challenges that COVID-19 has brought, farmers have been under increased pressure to evaluate their immediate financial situation while keeping the farm going during unpredictable circumstances.
Data from Xero’s Small Business Insights, has confirmed the impact of COVID-19 on UK small business revenue and employment. Amongst the UK’s small businesses, the analysis shows:
Between March and May there was a 28% drop in revenue
During the same time, there was a 6% decline in employment
Late payments to small businesses increased by 7.8 days between February and May
Business conditions are tough.
The union of Xavier and Receipt Bank was an easy…
The post A meeting of minds: How Xavier and Receipt Bank are levelling the financial playing field appeared first on Blog.
The past few months have been challenging and taught us a lot about collaborating in remote environments. We know we do our best work when we stay #human and connected to customers and partners, so we’re proud to bring you these new features as we discover new ways to work together and strive to make Xero simple, seamless and smart.
At Xero, Canada holds a special place in our hearts. As someone who has had the opportunity to see our business grow since we launched in May 2018, I wanted to reflect on the progress and journey Xero and our community of accounting professionals and small businesses have made during that time.
Today, Xero announced the availability of improved financial reporting tools for small businesses and their advisors across Canada. PwC Canada’s Cashflow Coach is now available for the Canadian market on the Xero app marketplace to help small business owners and startups take control of their cash flow management challenges.
The post Xero and PwC Canada help small business owners take control of cash flow appeared first on Xero Blog.
I’m pleased to see governments in Singapore, Hong Kong and Malaysia stepping up to launch more dedicated SME (small and medium-sized enterprise) digitisation grants to back digitisation of small businesses. These grants support those impacted by COVID-19 to diversify their business models.
The post Digitisation grants and benefits SMEs in Asia can take advantage of appeared first on Xero Blog.
With the challenges that COVID-19 has brought, the advisor community has experienced a phenomenal increase in workload. Speaking to accountants and bookkeepers, they all say they have been run off their feet.
The post Consultants helping advisors support their clients appeared first on Xero Blog.