Using ABACUS as a Budgeting Tool

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Thursday, January 24, 2019 -
3:40pm to 4:40pm
Location: 
19 Lower West ACC
Room: 
Isleta/Jemez

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

Michael Becher, Industry Insights (Dublin, OH); Jamie Fiocco, Flyleaf Books (Chapel Hill, NC); Dan Cullen, ABA (White Plains, NY)

About ABA

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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