Small Business Sales Are Up

That’s the finding from a special report from Xero. Small businesses in the U.S. are selling 2.8% more goods and services than a year ago. But there’s been an increase in delayed payments. As of March 2022, the average wait time for an invoice to be paid was 23.5 days; the average for late payments was 5.6 days. In comparison, in Canada, small business sales were up 5%, but accounting for price impacts, sales were actually down 1.7%. #IdeaoftheDay