Accounting costs money

 Accounting administration tasks costly

Research by Sage has found that SMEs spend an average of 120 working days a year on administrative tasks, and if the government helped them access digital ways of working the resulting increase in productivity could boost the economy by £33.9bn a year. The firm said time spent on accounting is most costly, amounting to more than 20% of total administration time.

Source: The Daily Telegraph (11/09)