Cost Accounting for CPA Firm Supporting Manufacturing Clients

Industry

CPA Firm (Manufacturing-Focused)

Services Provided

Inventory Reconciliation, COGS Tracking, Cost Center Reporting

Location

Cleveland, Ohio

Engagement Duration

Since December 2023

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:

Metric Before After
Inventory Accuracy Estimated 99.5% Accurate
COGS Reporting Delayed & Manual Automated Monthly Close
CPA Advisory Hours Spent on Fixing Errors Focused on Client Strategy

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.

Schedule a Free Consultation Today

Connect with Our Experts

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.