CPA Australia gives tips to SMEs to fight Covid-19

CPA Australia said businesses must assume that health authorities will ask people to stay home to contain the spread of Covid-19, or that large numbers of the local population will voluntarily stay home.“This will result in people consuming less and purchasing in different ways. It will also impact staff availability, especially for businesses where employees cannot work from home, ” it said.

PETALING JAYA: Improve cash flow, re-do budgets with new assumptions, increase online sales and update your financial statements.

These are among some of the tips that have been recommended by CPA Australia for small businesses in the face of possible disruption to business from the coronavirus or Covid-19.