Meet the bookkeeper’s friend

For many small businesses, 2020 has unquestionably challenged the resolve of the most resilient, with research accounting software provider MYOB revealing that 58% of SMEs say the Covid-19 pandemic has negatively impacted their business.

But don’t be discouraged. Another study by accounting software provider Reckon shows that business leaders with high resilience are far less likely (29%) to consider giving up on their business compared to those with low resilience (70%). 

Besides, highly resilient small business leaders are more likely (47%) than average (38%) to use accounting software platforms such as Reckon, Xero and MYOB to help them reach their goals.

Get online or fall behind

Surprisingly in 2020, 41% of SMEs still don’t have an online