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.
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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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