By Alex Green
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Feb 19, 2021
The American Booksellers Association’s Winter Institute began 16 years ago as a way for booksellers to get down to basics. With members in the midst of the most challenging retail environment in decades, the second day of this year’s virtual conference was true to the event's founding spirit and offered a streamlined series of sessions aimed to address indies’ core business needs.
ABA’s senior financial staff, PK Sindwani and Jennifer Almodovar, led the first of three scheduled workshops on managing finances, focusing on how booksellers can create, maintain, and modify annual budgets. A lively chat discussion alongside their presentation showed just how varied booksellers’ accounting models are, and the support they need in a business with complex accounting issues.