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As bookstores rethink strategies and operations in a post-COVID world, the insight from the ABACUS financial survey showing how your store compares with others — whether in terms of key expense categories or sales performance — has never been more important.
ABACUS is a free annual report filled with detailed information highlighting how your store compares to other stores in a range of areas, including profitability, productivity, and financial management. Using the ABACUS report is like adding a financial officer to your staff; it clearly highlights areas that need improving and areas in which your store is succeeding.
This ABACUS reporting cycle will cover 2021 financial results, providing participating stores with useful data, an overview of an economy impacted by COVID-19, and informative graphs.
Much of the information needed to fill out the survey will come from a store’s income statement and balance sheet, and a year end z report from point of sale system, and all data shared through the ABACUS survey is confidential. The time is now to complete the survey. It doesn’t have to be done all at once, the survey can be saved in progress and returned to at any time.
Participating stores will receive:
Industry-wide reports for 2021, including an executive summary, detailed survey results, and multi-year trend comparison tables,
Individual company performance reports — confidential, individualized reports shown alongside appropriate industry comparatives (for instance, net sales and profitability, etc) that give stores an easy way to interpret their ABACUS results and provide actionable feedback on the success and/or improvement areas for each respondent.
Access to interactive online report-generating tools
Excel data tables of the aggregated ABACUS results for 2021, to which stores can add their data for analysis.
And, if we have enough participation to ensure a good sample, a regional report to show how your store’s financials compare with others in your region.
For more information about ABACUS, check out the members-only materials on the ABA Education Resources page (under "filter results by tags," select "ABACUS") or access the past five years reports.
Questions about ABACUS? Email ABA Chief Financial Officer, PK Sindwani.
The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.
Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.
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