Benchmarks
Highlights from our Latest Charge Rates & Salaries Survey
Earlier this month we released our June 2023 Charge Rates & Salaries Survey following a pleasing rate of registration over the preceding couple of months. We had firms of all sizes participate, ranging from a couple of hundred thousand in turnover to the Second Tier firms, with data received across the five major States. There…
Read MoreHighlights from our Typical Fees Report
Our 2023 Typical Fees For Common Services Report was released yesterday to a strong participant and non-participant group. We had expected to find some fairly healthy increases in these fees for the period given the static or conservative nature of fee reviews during the pandemic by many firms as well as the underlying inflationary pressures…
Read MoreImproving Your Firm’s Lock Up & Cashflow
Managing a firm’s lock up and cashflow often varies across the profession depending on profitability, practice structure and size, desired salaries or drawings, profit distributions, external funding sources and even the desire to manage the payment of tax. However, pleasingly we have been noticing some gradual improvements in the average WIP and debtor days being…
Read MoreA Snapshot of our Australian Accounting Profession’s Performance in 2022
This year’s cohort of participants in our June 2022 Charge Rates & Salaries Report, released earlier this month, gave us some real hope for improved performances in some of the regularly monitored benchmarks, although there still does remain some challenges. Some highlights from this report include: Profitability has continued to improve, most notably in QLD…
Read MoreAre Salary Reviews About to Supercharge?
We have been hearing from firms since the last quarter of 2021 of the difficulties they are experiencing in attracting and retaining personnel, as well as the expectation of staff for more significant salary reviews, particularly amongst the Eastern States. This seems to be on everyone’s lips based on the number of questions we are…
Read MoreSummation of Our Latest Benchmarking Results
With the initial results of our December 2021 Charge Rates & Salaries Benchmarking report released prior to Christmas, we have been able to update both participating and non-participating firms with the very latest key performance indictors within Australia’s public accounting firms. This report is suitable for sole practitioners all the way through to second tier…
Read MoreHow Efficient & Productive is Your Firm?
We recently released our 2021 Efficiency and Productivity Reports which highlight the number of hours charged to clients, as well as the revenue produced, by various personnel within firms. This data is often utilised by firms to assess excess capacity amongst its resources, as well as set salaries and performance targets, finetune budgets and forecast…
Read MoreHow Can Write Offs be Better Managed?
How Can Write Offs be Better Managed? As part of our recent June Benchmarking Survey, write off averages seemingly suggested an improvement for the 2017 financial year, with ten of the seventeen regions reporting a better result. That said, we continue to see some pretty significant results within a number of firms individually leading us…
Read MoreHighlights from our Latest Charge Rates, Salaries & Benchmarking Survey
Highlights from our Latest Charge Rates, Salaries & Benchmarking Survey The latest edition of the survey was released early last month and remains open to both participating and non-participating firms until May. Part B, a detailed analysis of the top 19 expenses incurred by firms after staff salaries, will be released at the end of…
Read MoreIs Your Firm as Efficient and Productive as it Could Be
Is Your Firm as Efficient and Productive as it Could Be In September we released our latest efficiency and productivity benchmarks based on the 2016 FY. I thought it may be helpful to revisit some of the traditional targets firms have historically utilised and comment on some more recent trends within this space. So, two…
Read More