Client Results
The Accountant's Benchmark Report is the largest and most accurate benchmarking tool available in the Accounting industry. Open to both Australian and International practices the tool anonymously measures firms against others in the industry. Firms around the globe were invited to input their data and Accountants will be able to view their ranking against other firms who have participated in the study.
A snippet of this years benchmark findings include the following;
- Two years ago the average profit per Partner was $211,050. This year the average of the 540 firms surveyed is $322,694 profit per Partner
- The highest performer was $2.8 million profit for a Sole Practitioner
- Revenue per Director improved a modest 3.5% from 2010 – the top performer at an impressive $6.2 million
- Revenue per full-time equivalent person (including Directors) peaked at $406,429
- Average hourly rate averaged $160 (same as last year) and a high of $522
- The lock up (WIP and debtors combined) average was quite poor at 91 days - but the best performer has -17 days in lock up
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Success Secret of the week
Pre-plan your holidays 18 months in advance. There are no client commitments this far out in your diary at the moment, so write those holidays in. This will give you something to look forward to and cPre-plan your holidays 18 months in advance. There are no client commitments this far out in your diary at the moment, so write those holidays in. This will give you something to look forward to and client requirements will readily be planned around what you have planned.













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