SMBs Spend 120 Hours Per Year on Admin Tasks and Bookkeeping

Administrative tasks may seem small compared to corporate meetings, but they are just as important to a company’s success.  How much time does your business spend on administrative tasks?

According to an article from CPA Practice Advisor, “Small businesses currently spend an average of 120 working-days per year on administrative tasks, accounting for approximately 5% of the total manpower for the average small and medium sized business. That’s according to a new economic report by Sage, a maker of cloud accounting software”.

This article discusses:

• Gross value add
• How businesses are approaching their largest burdens
• Why automating administrative tasks might be beneficial to small businesses

How does your small business address administrative tasks? Contact us to find out how we can help!

To read more, see the full article from CPA Practice Advisor.