Why year-end compliance still takes 6-8 hours And why accounting automation hasn’t reduced it
Most accounting firms in Australia and New Zealand still spend six to eight hours completing a year-end compliance job, despite using cloud accounting software and compliance automation tools. While technology has improved data accuracy, bank feeds, and reporting, the core process of preparing year-end accounts and workpapers remains largely manual, which is where time is lost, particularly during review. This article explains why year-end compliance still takes 6-8 hours, where firms actually spend their time, and what needs to change in the way compliance preparation is structured to reduce review delays and improve efficiency.
