This year has not been kind to South African SMEs. Small to medium enterprises took a big knock due to the economic impact of the lockdown measures that were put in place to curb the spread of the COVID-19 pandemic.
If you happen to think that accounting is an absolute snooze fest, you are certainly not alone – there are plenty of accounting memes out there that infer as much. However, at Experity, we happen to disagree.
It’s safe to say none of us expected 2020 to rip the rug from under us quite as dramatically as it’s done so far. The impact of the COVID-19 pandemic and the resultant lockdown protocols put in place by world governments has had an immense impact on the global economy.