Want to benchmark your firm against your peers throughout the nation? Here’s your opportunity.
The CPA profession’s premier benchmarking study, the AICPA PCPS / CPA.com National MAP Survey, is now live. The survey provides an unprecedented opportunity to compare your firm with other firms of similar size in key areas of firm practice management.
The survey covers issues that will allow your firm to compare its financial performance and operations to other firms, and to gain strategic insights into building a more profitable and rewarding practice. Additionally, survey results will help accounting firms benchmark themselves against same-sized firms regionally and nationally.
Each participating firm will receive a free personalized report that contains an overview of key performance metrics from the survey, such as billing rates, salaries, hours charged / compensated, services as a percentage of fees, major income statement statistics and more. The comprehensive report will include even more performance metrics, as well as a host of additional ratios and statistical analysis and access to the dynamic platform.
The value of these benchmarks depends on broad participation among CPA firms. In other words, the more firms that participate in the survey, the more accurate and informative the benchmarks will be. So be sure to make your firm’s voice heard and contribute your data to this important benchmarking survey.
The survey will close to new participants on Friday, July 15.
For more information about PCPS and the latest news on the National MAP Survey, please visit aicpa.org/mapsurvey.