10 KPIs Every Growing CPA or Accounting Firm Should Track

Over time, the number of CPA and Accounting firms is growing. According to Big4accountingfirms.org, there are more than 138,000 accounting firms in the US. So certainly there is tough competition in the industry. Have you ever sat down and set Key Performance Indicators for individuals or firm to track monthly, quarterly or yearly growth? Not yet? It’s high time to start setting KPIs that are realistic and quantitative. The 10 KPIs every growing CPA or Accounting firm should track are a blend of critical metrics for clients, employees, and organizations. As an accounting firm, you must have clarity on the key areas where you want to perform. Revenue, growth, engagement, and some essential accounting firm KPIs. Instead of creating a broad spectrum to just identify the total revenue, accounting firms should focus on some other useful KPIs to measure long-term growth. So, here are the 10 KPIs every growing CPA or accounting firm should track.