Accounting Services for Manufacturing Companies

About Manufacturing Accounting Services

Today’s manufacturer faces many unique and difficult challenges: how to finance inventory and receivables, control inventory cost and quantities, schedule production, determine and control production costs, allocate overhead, develop pricing strategies and more.

The industry is extremely capital-intensive and requires the owners to have good working relationships with financing sources, to be innovative and receptive to new manufacturing techniques and to have a thorough grasp of cost accounting principles. Changes in tax laws have also had a significant impact on manufacturers.

Specialized Manufacturing Services

Development of pricing structures
Evaluation of production methods
Evaluation of production costs—fixed vs. variable
Development of overhead absorption rates
Break-even analysis
Computerization
Inventory valuation and controls
Development of cost system to analyze variances
Evaluation of product-line profitability
Expansion

Wealth-building Services

Business continuation/succession planning
Analysis of potential acquisitions and mergers

Financial Services

Recommendations to improve working capital to help increase financing capacities
Evaluation, development and installation of accounting and job cost systems
Preparation of budgets and projections
Preparation of financial statements according to present industry standards