Small business sales drop the most since Covid lockdown – Xero
SMB accounting software provider’s XSBI report shows sales down but employment and wages up.
Xero’s accounting software includes the ability to send electronic invoices, which inform the company’s research.
Sales within accounting platform Xero’s small business customer base dropped 8.4% in June compared with a year earlier, representing the largest monthly fall in that metric since May 2020 when the whole country was subject to Covid-19 lockdown.
The global accounting software-as-a-service provider
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