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:
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.
Client Testimonial
You’ve given us manufacturing clarity. Now we advise, instead of just react.
CPA Partner
Ohio-based Manufacturing Practice
Cost Accounting Built for Manufacturers
Clean inventory. Accurate margins. Better decisions.
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