Bookkeeping Services for the Manufacturing Industry
Retailers sell products, and realtors sell property, but manufacturers make products. This difference dictates the need for each manufacturing company to have immaculate bookkeeping so that the business can fully capitalize on margins and cash flow.
No matter what you manufacture, The Bookkeeper has over 60+ years’ combined experience. Our professional team of bookkeeping experts can eliminate the administrative burdens and help you streamline your operations, making you more cost-effective and agile than ever before.
Financial solutions trusted by businesses across all industries.
Why Manufacturing Companies Need Accurate Bookkeeping
All manufacturing companies have internal booking requirements that need to be recorded, categorized, and classified each month that include:
- Sales income
- Facility expenditures
- Building expenditures
- Inventory management
- Materials allocation
- Cash flow
- Depreciating equipment/machinery
- W2 and 1099 payroll
- Payroll
While this list is technically much larger, the nature of the industry also means that manufacturers have to deal with the following challenges as they produce finished goods:
- Fluctuating demand
- Job costing methods
- Rising costs of materials
- Logistics and delivery
- Unused inventory
And much more. Additionally, based on the many manufacturing companies that we already work with, some companies are struggling to fill positions. While many manufacturing companies are adopting new forms of technology, keeping accurate records of these facets can prove to be a difficult challenge unless a professional, knowledgeable bookkeeping team is going through the details proactively.
This is why The Bookkeeper is here to partner with you and your manufacturing company.
Industry-Leading Bookkeeping for Manufacturing Companies
How can The Bookkeeper assist your manufacturing business? Our professional team understands the unique challenges of your industry and can provide advanced services to help in areas that include:
Ongoing Bookkeeping Services
Accurately record AR & AP per vertical
Record and classify W2’s and 1099’s
Tracking receipts and expenses
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