Xero : New Xero research highlights end of financial year causes stress and mishaps amongst small businesses

Anthony Drury, Managing Director ANZ, Xero, said: "Our new research demonstrates that EOFY can be a difficult period for small businesses. It adds greater pressure on time, resources, and is compounded by the challenges they are facing in the current economic climate - from the rising cost of living, to a drop in small business labor productivity1. Our aim for this research is to highlight these common pain points around EOFY preparations, so we can provide practical tips for small businesses to use right now."