Other Accounting Services - Market Size, Financial Statistics, Industry Trends
Industry Overview
This U.S. industry comprises establishments (except offices of CPAs) engaged in providing accounting services (except tax return preparation services only or payroll services only). These establishments may also provide tax return preparation or payroll services. Accountant (except CPA) offices, bookkeeper offices, and billing offices are included in this industry. Cross-References.Source: U.S. Census Bureau
Other Accounting Services Market Size
This report includes historical and forecasted market sizes and industry trends for Other Accounting Services. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Other Accounting Services industry.| Historical | Forecasted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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| % Growth Rate | |||||||||||
| Number of Companies | |||||||||||
| Total Employees | |||||||||||
| Average Revenue per Company | |||||||||||
| Average Employees per Company | |||||||||||
Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Other Accounting Services industry.
Geographic Breakdown by U.S. State
Other Accounting Services market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Other Accounting Services companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Other Accounting Services |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Other Accounting Services company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| Operating Revenue | ||
| Cost of Goods Sold (COGS) | ||
| Gross Profit | ||
| Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| Earnings Before Interest and Taxes (EBIT) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Other Accounting Services industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|---|---|---|
| Industry total | Included |
|
| General accounting services | ||
| Bookkeeping & compilation services | ||
| Tax prep & representative services -individuals & unincorporated bus | ||
| Tax planning & consulting services | ||
| Fin stmnt review, engagement, & agreed-upon pro for financial inf | ||
| Other financial assurance & related services | ||
| Tax preparation & representative services - corporate & other clients | ||
| Tax planning & consulting services - corporate & other clients | ||
| Tax planning & consulting services - individuals & unincorporated bus | ||
Compensation and Salary Surveys
Salary information for employees working in the Other Accounting Services industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 48% | |||
| Financial Specialists | 44% | |||
| Accountants and Auditors | 35% | |||
| Accountants and Auditors | 35% | |||
| Tax Examiners, Collectors and Preparers, and Revenue Agents | 7% | |||
| Tax Preparers | 7% | |||
| Office and Administrative Support Occupations | 35% | |||
| Financial Clerks | 17% | |||
| Bookkeeping, Accounting, and Auditing Clerks | 10% | |||
| Bookkeeping, Accounting, and Auditing Clerks | 10% | |||
| Secretaries and Administrative Assistants | 6% | |||
| Secretaries and Administrative Assistants | 6% | |||
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 5% | |||
| Other Office and Administrative Support Workers | 6% | |||
Government Contracts
The federal government spent an annual total of $658,460,066 on the Other Accounting Services industry. It has awarded 2,299 contracts to 165 companies, with an average value of $3,990,667 per company.Top Companies in Other Accounting Services and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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