Nearly 40% of accountants spend half their day on manual tasks

Nearly 40% of accountants spend half their day on manual tasks according to data from pre-accounting platform Dext.

The survey from Dext also found that around 30% of respondents did not have the tools to automate processes to save time.

The survey of 300 accountants revealed that 43% of accountants feel that technology can make accounting easier and 40% believe that the use of technology in the profession is going to increase.

Manual data entry and record keeping was named as the most painful process by those who had more than 15 years experience in the sector.

Sabby Gill, CEO of Dext, said: “While manual admin tasks were a necessary part of the job 15 years ago, there’s no need for accountants to be drowning in administrative tasks anymore. It’s shocking that despite the advancements made in the accounting software space, there are still so many practices that are not leveraging automation technology and struggling on unnecessarily.”

“It’s evident that there is a real appetite for change when it comes to streamlining accounting processes. Automation has the ability to improve the working lives of accountants and the value they can bring to their clients, both now and in the future.

He added: “With the right investments, automation can take on the hefty load and free up time for accountants to focus on what’s really important: providing actionable advice to clients to ensure they are thriving in the current landscape.”