Almost every accountant I know complains about the sheer number of demands on their time.

How many times do you get to the end of the working day still having not achieved everything you wanted to?

If you look closely at your use of time, you’ll almost certainly find an 80/20 ratio, where 80% is low-value work, and 20% represents work of higher value. 

Your time is precious, and if 80% of your time generates 20% of your results, it suggests that you should:

• Increase the time spent on the high-value work (20%); work out how to do more of the 20% high-value activities

To do this you’ll need to free up your diary:

• Reduce the time you invest in low-value work (80%); work out how to stop doing so much of the low-value activities

When you put this 80/20 imbalance to work for you and your firm, you can achieve more, make more profit and be more successful.