Manufacturing isn't like other types of business. Retailers sell stock and service companies sell their time, but only manufacturers create new products from scratch. This can lead to accounting problems.
Manufacturing businesses have to account for their raw materials and processing costs, but they also have to work out the value of the finished items they create. There are different methods of doing this. We can help you choose the right one for your business and use it properly, avoid time-wasting problems and reap the benefits of clean-data once you’re up and running.
With our knowledge you'll be able to choose and implement the right accounting system, methods and strategies to help your manufacturing business grow. By further supporting you with KPI's, benchmarks and analysis, you'll get a fresh, valuable perspective on the way your business is running. Cash flow forecasts and monthly performance reviews in key areas against budgets will help ensure your business is profitable and sustainable in the long term.
Our clients range from family owned to owner-managed businesses, and our international tax experience and connections can help you expand into overseas markets.