Intuit QuickBooks report: U.S. small businesses on road to financial recovery from COVID-19 impact
U.S. small businesses are on the road to recovery from the financial losses experienced during COVID-19 , according to a new report by Intuit® QuickBooks®. The report, Intuit QuickBooks Small Business Recovery , uncovers the varied impact COVID-19 has had on small businesses across different industries and geographies since March 2020, when COVID-19 caused many business owners to temporarily shut their doors. Many small businesses will want to know the results of the report to gauge how their own companies will grow. Small businesses are recovering COVID-19 has had a significant impact on the financial health of American small businesses. In fact, small businesses lost $4.6 billion in monthly revenue in April 2020 alone, compared with their pre-COVID-19 revenue, according to the report. However, small businesses have proved to be resilient. As of March 31, 2021, 61% of industries saw annual revenue increase compared to before COVID-19, following a largely sustained ...