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How ARE You Doing?

Posted Tuesday, March 3, 2015 by Jules VanSant.

alt textIt’s a common greeting when you meet a person, but what’s your response when your banker asks the same question? And if you say, “I’m in the black” – what does that really mean? The answer is meaningless without some form of benchmarking – and that’s where the PIA Ratio Studies can help.

The Ratio Studies have been published for nearly 100 years and provide participants with data they cannot get anywhere else! The Ratios help define what a successful firm’s operating statement and balance sheet looks like. How? By publishing ratios of the top performers (Profit Leaders) in contrast with all other participating firms (within a market segment). As a company manager, this information is invaluable in helping you reach your company’s maximum potential.

Because gathering data is key to the success of this program, by sharing your company data (through the accounting firm Margolis Partners LLC), there is no cost to receive the survey results! If your chart of accounts is extremely different than the survey, for $150 (less than your CPA would charge), you can have the data entered for you — CONFIDENTIALLY! Although firms have different product mixes as well as capital equipment, this year’s survey will accommodate those differences as will the final report shared with participating companies.

So why aren’t you participating? This year’s deadline to submit your information is May 15, 2015 and while you’re prepping your taxes… just sayin’.

Need more information? Give us a call at PPI OR join me at the free webinar 3/19 and ask questions! REGISTER HERE

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