The Challenge

A CPA firm serving small-to-mid-sized manufacturers was overwhelmed by:

• Inaccurate COGS Calculations: Manual spreadsheets caused inventory and margin errors.
• Unstructured Cost Centers: No insight into machinery, labor, or production-line costs.
• Delayed Month-End Reporting: Clients were unable to forecast or price correctly.

Our Solution

We delivered a cost-accounting framework tailored to manufacturing:

Inventory & Production Accounting

• Implemented QuickBooks Advanced with manufacturing add-ons.
• Automated raw materials tracking, finished goods valuation, and scrap reporting.

Departmental Reporting

• Separated costs by facility, department, and production lines.
• Integrated BOM (Bill of Materials) and WIP (Work in Progress) into reports.

The Results

After just six months of working with us, the business experienced tangible improvements:

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Key Takeaways

• Outsourced cost accounting improves manufacturing profitability.
• CPA firms offering inventory accounting gain a competitive edge.
• Tracking COGS per line = smarter client pricing decisions.

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