The #Timesheet Dilemma
Click here to get your data into this month’s GBU Insights poll on the present and future of the Australian accounting industry.
Ahhhhh, timesheets.
Those wonderfully comforting documents that all the youngsters are slowly telling every single accountant to scrap.
Watcha gonna do when they come for you?
Here’s what we can tell you about where timesheets stand among Aussie accountants at this very minute.
1. Only 9.6% of accountants have actually done away with the things.
That leaves 90.4% of the industry who are still dedicated timesheeters. You can take this as a reason to stand out and phase out timesheeting, or as comforting reminder that timesheets do not seem to disadvantage a firm in any way – mainstream isn’t always a bad thing.
2. This ain’t no surprise.
For the last few years, our data has consistently reported that only 10% of firms are on the no-timesheet-bandwagon, and the majority of these firms are sole practitioners.
3. For those who do use timesheets, most use it for billing purposes.
23.9% of timesheet users claim to do so solely for billing purposes, whereas a mere 8.1% of use timesheets simply for measuring staff productivity. However, 59.8% of firms using timesheets use them for both of the above reasons. Though where staff productivity is concerned, our research indicates that no correlation exists between staff productivity and firm profitability. If you’re the 8.1% of productivity-measurers, this may be something to think about.
Where do you stand on the #timesheet dilemma?
