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Cost of Inefficiency Calculator The Cost of Inefficiency calculator is a fun way to quickly give you a rough idea of how much time and cost you and your colleagues spend doing routine tasks in your accounting practice. Let's start by entering a hourly rate (rounded to nearest dollar) and the number of staff you have to calculate the approximate total cost for each issue. Hourly Rate: $ Number of Staff: Issue 1: Determing Which Clients' Deadlines Are Due How much time do you think, on average per day, each staff spends determing which deadlines to work on average? (minutes) Click here to see how to save time/money Total Annual Time* for Issue #1: Total Annual Cost* for Issue #1 ($): Issue 2: Notify All Your Clients Of Each Of Their Upcoming Deadlines How much time do you think, on average per day, each staff spends manually notifiying your clients of all of their upcoming task deadlines (i.e. typing emails)? (minutes) Click here to see how to save time/money Total Annual Time* for Issue #2: Total Annual Cost* for Issue #2 ($): Issue 3: Determining Which Clients Have Brought In Their Info How much time do you think, on average per day, each staff spends searching around the office trying to find out which information their clients have brought in? (minutes) Click here to see how to save time/money Total Annual Time* for Issue #3: Total Annual Cost* for Issue #3 ($): Issue 4: Managing Your Workload To Get Everything Done On Time How much time do you think, on average per day, each staff spends on managing and budgeting all of your clients' workload? (minutes) Click here to see how to save time/money Total Annual Time* for Issue #4: Total Annual Cost* for Issue #4 ($): Issue 5: Tracking Your Time & Managing Your Accounts Receivable How much time do you think, on average per day, each staff spends on entering all of their time info and creating invoices for your clients? (minutes) Click here to see how to save time/money Total Annual Time* for Issue #5: Total Annual Cost* for Issue #5 ($): Total Annual Time Spent On All Issues: Total Annual Cost Spent On All Issues: $ .............................................................................................................................................................................................................................................. * - The annual total time and cost for each issue is calculated based on 260 working days. (52 weeks x 5 days/wk)

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