Education Resources

ABACUS is the financial benchmarking survey that provides actionable, store-specific financial data as well as overall data on the financial health of independent bookstores for those who submit to the survey. Whether or not you submit, you will find this session full of helpful guidelines and suggestions for increasing store profitability. Not sure what ABACUS is or if it’s applicable to you? This is the perfect place to find your answers. Panelists: Pete Mulvihill, Green Apple Books (San Francisco, CA), Donna Garban, Little City Books (Hoboken, NJ), Suzanna Hermans, Oblong Books and Music (Millerton, NY), Angela Schwesnedl, Moon Palace Books (Minneapolis, MN)

“Co-op” is a word booksellers often hear from publishers, but it can be quite confusing to try to decipher what it is. In this session, bookstores that maximize their spending using co-op dollars will share with attendees:

• What co-op is
• Where co-op comes from
• How a store can save by using their accrued co-op dollars

The ABACUS benchmarking report is designed to provide easy-to-understand guidelines for identifying independent bookstore business performance improvement opportunities. If you have never participated in the survey and would like to learn more about reporting to ABACUS-19, which will open in spring 2020, this session will teach you:

• The importance of reporting to ABACUS
• Information you need to prepare to complete the report
• Best practices from booksellers who reported their store's numbers to the 2018 ABACUS
• Actionable steps to take when you return home to prepare for ABACUS-19

When your wallet is slim and margins are small, every penny counts. But there are little things that can be done every single day to boost a bookstore’s bottom line. Bookstore panelists who have effectively pinched a penny here and saved a penny there will teach attendees:

• How to identify small costs that add up
• Where to look for savings
• Small actions booksellers can take to impact overall savings and sales

ABACUS is a yearly benchmarking survey that gathers essential information and insights on bookstore financials. This unique and actionable data is key to a store’s long-term viability, as it can be used to create budgets and analyze important business questions. Bookseller panelists who regularly submit to ABACUS will explain how they have been able to implement changes based on their ABACUS report. In this session, booksellers will learn:

• How to read key lines in an ABACUS report
• How to recognize and make changes in bookstore financials
• Important points to consider when making short- and long-term budgets based on ABACUS data

Information on how and when to submit your data to participate in the ABACUS report

Increasing margin through better buying and careful budgeting can improve your cost of goods. This session will use data from ABA’s ABACUS report to outline a path to improvements in a store’s cost of goods, leading to improved financial decisions and substantial savings. The booksellers on this panel are excited to share straightforward financial practices that will make a big difference to the financial health of your business. In this session, booksellers will learn:

• How to read the ABACUS report, including how to compare your data with national averages
• How to make small changes to cost of goods that will result in a positive financial impact
• How long it takes to see the results of small changes to cost of goods
• How to evaluate which financial changes are the ones that will most benefit your business with the least worry and work

The 101-level seminar, led by ABA CFO Robyn DesHotel and Cynthia Compton of 4 Kids Books & Toys in Zionsville, Indiana, covers the fundamentals of budgeting, understanding cash flow, business financing, bookkeeping, and financial statements. The seminar concentrates on bookstore finances as opposed to bookstore accounting and deep financial experience is not required.

This video is available to logged-in, ABA bookseller members only.