Industry

Wholesalers / Manufacturers

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Wholesale and manufacturing accounting used to be a complicated process involving large numbers of transactions, but with us, weekly reports will allow you to accurately track your funds and plan ahead.

Wholesale/manufacturing accounting is more complex than other types of accounting due to the requirement to keep a close eye on inventory.

 

Wholesalers / Manufacturers

Wholesale and manufacturing accounting used to be a complicated process involving large numbers of transactions, but with us, weekly reports will allow you to accurately track your funds and plan ahead.

Wholesale/manufacturing accounting is more complex than other types of accounting due to the requirement to keep a close eye on inventory.

The Charge Method is used to calculate the amount required to invest in inventory at your wholesale store. The LIFO and FIFO calculations help in this process. The weighted average method and the retail method are complementary strategies used in the accounting process of a store.

Manufacturing isn't like other types of business. Retailers sell stock and service companies sell their time, but only manufacturers create new products from scratch. This can lead to accounting problems. Manufacturing businesses have to account for their raw materials and processing costs, but they also have to work out the value of the finished items they create.

There are different methods of doing this. You'll need to choose the right one for your business and use it properly. In this, we'll look at some potential problems and useful benefits once you’re up and running. With this knowledge, you'll be able to choose the right accounting system to help your manufacturing business grow.

With our wholesale/manufacturing bookkeeping and bookkeeping services, your business will keep up with your competitors and gain the resources it needs to grow and thrive.

Our accounting services for wholesalers and manufacturers are as follows:

  • Inventory Management

  • Tax Preparation Services

  • Budget Creation and Updates

  • Payroll Processing Services

  • Benefits Management

  • Weekly estimated Profit & Loss by business units, outlets, and the entire company

  • Sales and Labor Reporting by business units and outlets

  • Daily Cash Flow analysis with comprehensive drill-down capability

  • Management set up custom decision-support reporting

  • Transactional reporting

  • Industry best practices as well as benchmarking

  • Inventory and shrink regulation

  • Track your Sales Tax

  • Review your service provider bills

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