Manufacturing Accounting Services
Manufacturing businesses operate in a complex environment with unique accounting needs – from intricate inventory valuation and cost tracking to managing overheads and ensuring compliance. Generic accounting often falls short.
Schapira CPA provides specialized accounting services designed specifically for manufacturers, ensuring accuracy, compliance, and the financial clarity needed to manage your operations effectively and drive profitability.
The Schapira CPA Advantage for Manufacturers
Industry Focus
We speak your language – understanding WIP, COGS, overhead allocation, and inventory nuances.
Accuracy & Compliance
Ensuring your books are meticulously maintained and fully compliant with GAAP and relevant regulations.
Technology Integration
Leveraging modern accounting software and ERP integrations for efficiency and real-time data.
Our Manufacturing Accounting Services Cover:
General Ledger & Bookkeeping
Accurate recording of all financial transactions, chart of accounts maintenance tailored for manufacturing, bank reconciliations, and journal entries.
Accounts Payable & Receivable
Efficient management of vendor payments (AP) and customer invoicing/collections (AR) to optimize cash flow.
Inventory Accounting
Tracking inventory quantities and costs, applying appropriate valuation methods (FIFO, LIFO, Weighted Average), managing WIP, and accounting for scrap and obsolescence.
Cost Accounting Support
Providing the foundational data needed for accurate job costing, process costing, or activity-based costing (ABC) systems to understand true product profitability.
Fixed Asset Management
Tracking capital expenditures, maintaining fixed asset registers, and calculating depreciation accurately for machinery and equipment.
Sales & Use Tax Compliance
Managing the complexities of sales and use tax obligations across different jurisdictions for materials purchased and products sold.
Month-End & Year-End Close
Efficient and accurate closing procedures to ensure timely financial reporting and preparation for tax filings.
Benefits of Specialized Manufacturing Accounting
Integrate with Other Key Services
Streamline Your Manufacturing Accounting
Focus on production and growth while we handle the complexities of your manufacturing accounting. Contact us today for a consultation.
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