SG1 Consulting - AI Automation Solutions for Australian Businesses
  • Home
  • Free AI Analysis Tool
  • Free Webinar
  • About
  • Contact
SG1 Consulting - AI Automation Solutions for Australian Businesses

AI automation consulting that works with your existing tools. No rip-and-replace. Human-checked automation that earns its keep.

© 2025 SG1 Consulting. All rights reserved.

Solutions
  • Employee Onboarding
  • Operations Automation
  • Sales & Marketing
  • Compliance & Regulatory
Industries
  • All Industries
  • Professional Services
  • Manufacturing
  • Healthcare
  • Financial Services
  • Not-for-Profit
Company
  • About Us
  • Our Services
  • Free Webinar
  • Book Consultation
  • Contact Us
Resources
  • Blog
  • Case Studies
  • FAQ
  • Privacy Policy
  • Terms of Service

Why Accounting Firms Hit 300% ROI with Automation (And Which Processes to Start With)

Jul 1, 2025

Most firms spend 60% of time on busywork, not accounting. Here are the 5 fastest wins, real ROI numbers, and the 3 mistakes that kill projects.

Cover Image for Why Accounting Firms Hit 300% ROI with Automation (And Which Processes to Start With)

"We can't automate accounting—there's judgment involved."

True. Automation handles the busywork so accountants can spend more time on judgment.

Read this in 3 minutes: the 5 fastest wins, what ROI looks like, and the 3 mistakes that kill projects.

The quick summary

Most firms spend 60% of time on non-accounting work (data entry, filing, client admin).

Start with document filing, scheduling/updates, receipt & invoice capture, tax data gathering, and BAS/compliance.

First-year ROI commonly 200–400% when you redeploy time to higher-value work.

Don't make these mistakes: trying to automate everything at once, poor data preparation, and unclear exception procedures.

Where your time really goes

40% data processing (receipts, invoices, filing)

20% client admin (scheduling, status, document exchange)

25% compliance workflows (BAS, reporting, lodgments)

15% actual accounting (analysis, advice, strategy)

Those first three buckets are ideal for automation.

The 5 highest-ROI processes (with real-world results)

1) Receipt & invoice processing

Now: download → extract → categorise → enter (e.g., to Xero/MYOB/QuickBooks)
After: auto-read details → auto-categorise → human checks exceptions

Time: 3.2 min → 0.4 min per receipt (Melbourne, 8,500 receipts/month)

Result: 87% time reduction; errors 4.2% → 0.8%

2) Client scheduling & status updates

Now: phone/email tag; manual calendars; update calls
After: online booking; automated reminders; progress notifications

Time: 12 hrs/week → 2.5 hrs/week (Brisbane firm, 8 staff)

Result: 79% time reduction; +18% client satisfaction

3) Document filing & organisation

Now: download → rename → folder → tracking sheet
After: auto-classification, smart filing, versioning, search by content

Time: 45 min/day → 8 min/day per senior accountant (Adelaide)

Result: 82% time reduction; accuracy 94% → 99.2%

4) Tax return data gathering

Now: questionnaires, chasing info, multiple systems
After: auto-questionnaires, prefills where available, smart reminders

Time: 2.8 hrs → 1.1 hrs per return (Perth, 1,200 returns/year)

Result: 61% time reduction; 60% fewer regulator queries; 45% faster turnaround

5) BAS & compliance reporting

Now: extract → format → review → lodge → update client
After: auto-extract, auto-report, flag exceptions, e-lodge, notify

Time: 4.5 hrs → 1.2 hrs per BAS (Sydney, 150 clients)

Result: 73% time reduction; 95% fewer lodgment errors

10-person firm (conservative):

Investment: $35k–$60k, save 15–25 hrs/week, errors down 60–90%, capacity for +20–40% clients.

Year-1 ROI: ~278% (conservative) to ~482% (aggressive).

The 3 project-killing mistakes (and the fix)

1) Automating everything at once

Why it fails: staff overload, quality dips, clients notice

Do this instead: start with document filing for a quick, low-risk win

2) Poor data quality prep

Why it fails: automations break on messy data

Do this instead: two-week clean-up for naming, folders, supplier data

3) Weak exception handling

Why it fails: no one knows what to do when something looks odd

Do this instead: define clear escalation paths before go-live

Common concerns (and real answers)

"Will clients trust automation?"

Yes—when service is faster and more accurate, with human review and easy escalation.

"Will jobs be replaced?"

Automation removes data entry so accountants do more analysis and advice—the high-margin work.

"Can we stay compliant?"

Yes—automation usually improves audit trails and reduces manual errors (privacy, professional standards, record-keeping).

Which software works best?

Xero: Excellent integration with most automation tools
MYOB: Cloud version integrates well, desktop needs workarounds
QuickBooks: Good for receipt processing and invoice automation

Practice management: XPM and Karbon integrate smoothly

Your 90-day quick-win plan

Month 1: Document management automation (lowest risk, immediate relief)
Month 2: Client scheduling & communications (visible win clients notice)
Month 3: Receipt processing for 3–5 pilot clients (prove it, then scale)

Budget: $15k–$25k for this scope
Expected return: 150–200% in Year-1

Bottom line

Accounting firm automation works because it removes processing, not professional judgment.

Firms seeing 300%+ ROI all do four things:

  • Start with high-volume, repetitive work
  • Prepare data up front
  • Design exceptions clearly
  • Roll out gradually with staff input

Start small. Prove value. Expand with confidence.


Want to see your firm's numbers? We'll map your top opportunities and the ROI you can expect in 90 days and 12 months. Start your accounting automation assessment →