Rosenberg Associates Blog
Marc Rosenberg, CPAA small client of mine promoted a manager to partner three years ago. The new partner recently asked the MP when his name would be put on the door. The firm is a $3M practice with two partners, located in a small city. The MP is 61 and originated 70% of the firm’s business; his…
I’ve long been intrigued by the CPA profession’s tendency to consider certain terms interchangeably. They are: Management vs. administration. Both important. But their meaning is quite different. Most admin work can be done by people earning $50K-$150K annually, depending on the size of the firm and the skill level of the administrator. Average partner income…
Seems like a simple question, but the results were surprisingly tricky to analyze. We analyzed 86 firms from the 2010 Rosenberg MAP Survey (425 participants overall) in our survey with annual fees of $6-10M. Short answer: All 86 firms averaged 2.4 months of A/R: 42% of the firms had A/R under 2.0 months of age…
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