Small Manufacturing

Expert Accountants for Small Manufacturing

Do you own a small manufacturing business? How well do you know your numbers?

Is a quarterly focus enough? Probably not…

As a small manufacturer, not-knowing-the-numbers is putting your business at risk of survival. Any change in the supply chain, manufacturing process, markets, wages and regulations can impact your business significantly. The margin of error can be small and change to one part of the business can directly impact profitability, efficiency and cash-flow. That’s why manufacturing firms require a skilled cost accountant to get the cost of manufacturing well calculated. Cost accounting comprises items which impact production operations and the valuation of inventory. Getting this right can significantly boost the profits margins of a business. Many factors are analysed in cost accounting including the cost of goods (COGs) which is related to inventory valuation, and allows for the tracking of the cost of a particular production run. However, one of the most important cost account tools these days is constraint analysis.

This involves the analysis of bottlenecks and inventory buffers and is essential to running at full capacity and meeting customer orders. Having a skilled cost accountant to keep an eye on your business numbers is a way to see what’s happening in the here-and-now. The numbers can provide insights into trends that may be impacting your business, both positively and negatively. You need to own your numbers. And that’s hard when business analysis is not your area of expertise. That’s where LinkAdviser can help. We are experts in cost accounting. We can find where cash-flow ‘holes’ are, whether it is accounts receivable, cost-of-goods or wage creep. We can analyse your business numbers and provide feedback on a monthly basis. With those insights, you are ahead of the curve and can plan accordingly. It doesn’t matter at what stage your business is at, be it start-up, mid-lifecycle or if you are looking for an exit strategy, let the team at LinkAdviser help you grow your business. Need help on what to do next? Ask LinkAdviser for expert cost accounting advice.