The AICPA and its Private Companies Practice Section have released the results of its 2023 MAP Survey for accounting firms.
The 2023 National Management of an Accounting Practice (MAP) Survey compares firms’ key performance indicators (KPIs) with other firms similar in size and region.
This year’s survey recorded 1,117 participants, up from 1,065 in the 2021 survey. Among the seven size categories tracked in the survey, the one with the most participation was a group of 280 firms with between $1.5 million and $5 million in annual net client fees.
Net client fees are a key top-line metric for accounting practices and the only metric for which the MAP Survey provides prior-year results.
For all firms, median net client fees in fiscal 2022 jumped to almost $1.1 million, 9.1% higher than in fiscal 2021. The leap was more than twice as large as the year-over-year gain of 4.2% from 2019 to 2020. Higher fees were a key factor for the increase. See more survey results.