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  • Money Magazine

    Meet the bookkeeper’s friend

    Jul 01, 2020 4 minutes
    Anthony O’Brien

    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

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