Rosenberg Associates Blog
Marc Rosenberg, CPACPA firms once again held their own as the sluggish economy continues. But the year was nothing to write home about. Those statements best describe 2011 for U.S. accounting firms, as reported in the 14th annual Rosenberg MAP Survey.
Revenue rose 3.8% in 2011…
I use benchmarking for the same reason my clients use it – to identify ways to increase profits. CPA firms often lead a provincial existence. They focus on their own firm’s metrics, blissfully unaware of how other firms perform. Benchmarking brings firms out of their cocoons.
Benchmarking is useful to all forms of organizations because it’s a great way (though not the only way) to measure progress and success. By comparing your firm’s metrics to other comparable firms, it helps identify areas that are going well and areas needing improvement. Without benchmarking, firms will inevitably lead a provincial existence, blissfully unaware…
The Rosenberg Survey Team thought you might like to see a “sneak peek” of the results of our annual CPA industry practice management survey, the largest survey of mid-sized CPA firms in the country (over 400 firms this year). Revenues were up 1.7% in 2010, a slight improvement from the 1.4% increase last year. Though…
We recently surveyed CPA firms across the country. 2010 revenues up only 0.5%. This compares to a 1.4% increase in 2009. 69% of all firms posted revenue increases in 2010 and 31% saw decreases. Income per partner for 2010 is projected to increase 1.8%. For 2011, firms are projecting an improved but still modest 3.7%…
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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