UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform.

If you don’t keep up with the latest tech, you’ll be left behind.

This statement is true in most industries and accounting is no exception. Fortunately, I’m lucky to work for a practice that embraces cutting-edge technology and is always looking for the latest tools to improve efficiency and productivity.

Xero’s latest report, Small business productivity takes a deep deep dive into labour productivity at the industry and regional level across Australia, New Zealand, and the UK.

If you or your clients are looking for ways to grow profits, drop prices or pay staff more, then one strategy is to lift productivity in your business. But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice?

We’ve had two versions of Xero’s invoicing feature for a while now — classic invoicing and new invoicing. The new version is built on the latest technology and features time-saving tools that make it easier to customise your invoices and simplify the way you get paid.

Over the last 12 months, Xero have surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates.

Xero, the global small business platform, marked day one of Xerocon Sydney 2023 by opening applications for its inaugural Xero Beautiful Business Fund, designed to celebrate small businesses, empower success and help accelerate their growth. The initiative is now open for submissions with more than NZ$750,000 in funding available to support the future aspirations of small businesses globally.

An improvement in jobs and sales growth across UK small businesses in June has been largely offset by increasing late payments and a slowdown in wages growth, according to the latest data from global small business platform Xero.

Xero, the global small business platform, has today launched a report revealing overall small business owner wellbeing is currently below that of the general population, serving as a reminder of the myriad challenges small business owners are dealing with in 2023 – including high inflation, slowing economic growth, concern about staff wellbeing and general uncertainty about the future.