Baltimore Chapter

How Do Your Firm's Financials Compare to the Profession's Leaders?

Published June 8, 2018
Be in the know in less time  . . . 

The newly redesigned and streamlined 2018 AICPA PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey is now open and ready for your participation.  The CPA Firm Management Association is encouraging all member firms to complete this survey.

Do you ever wonder how your firm compares to others its size in key performance indicators such as billing rates, firm profitability and realization? And how your practice stacks up in the talent area with employee utilization, turnover rates and compensation? You are not alone.

Good news! Here’s your chance to capitalize on such valuable outside perspectives. The newly redesigned and streamlined 2018 AICPA PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey enables you and your colleagues to benchmark operations to keep your firm on pace with changes in the profession. It’s your chance to spot new trends, pinpoint gaps and identify ways to improve your firm’s profitability.

Redesigned and streamlined for busy professionals

The CPA profession’s largest benchmarking tool has undergone a major overhaul. The new survey has been streamlined to focus on important Key Performance Indicators (KPIs) identified by practitioners to help your firm better understand the new workplace as it looks to move successfully into the future. This redesign means it is easier to participate and takes significantly less time to complete, while still providing valuable insights into firm operations.

What’s in it for your firm?

• Free personalized report with today’s most important KPIs including:
   - Financial performance measures
   - Firm realization
   - Billing rates and compensation
   - And more

• Clear picture of how your firm aligns with similar sized practices, both regionally and nationally
• Practical insights into building a more profitable practice
• PCPS Members receive additional benefits, including all access to the survey platform for real time comparisons, downloadable trends reports, PowerPoint reports and customizable reports by specified filters when results are available

What’s involved?

Participation is free and open to all firms. Now in the time it takes to catch up on your favorite social media platform or enjoy a coffee break, you can complete the newly redesigned questionnaire with greater ease. All information is of course strictly confidential.

Ready to be in the know?

Click here (www.aicpapcpsmapsurvey.com) to get started on the 2018 AICPA PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey. Don’t delay. The survey closes on July 16.

P.S. Feel free to forward this article on to other firms in your network, the greater the participation the more insightful the results will be.