Cashflow forecasts, stock valuation and monthly performance reports
Are you a manufacturing business with a turnover of up to £750,000 and around 1-10 employees
Do you find the following is true?
Do you have trouble valuing your material, WIP and tooling stocks?
Do you have shortage of cash and want to improve your cashflow?
Do you suffer from high wastage in production?
Do you want to know how much ROI you can expect from your machinery investment?
Do you want all the information in front of you that you need to run your business effectively every month?
All these questions are solved with Manufacturing Accounting
We are CIMA Accountants with a history of production in Manufacturing companies. We understand CNC machines, lathes, milling, sheet metal and much more. We combine our knowledge of this industry with Accounting information to deliver the numbers your business requires to succeed. You will be able to track your Business performance from one period to the next, see rising costs and inefficiencies in production and get unlimited support and advice
We are your finance partner and aim to provide a service which adds value to your business
A monthly service that is for manufacturing companies like yours
We provide an all in one solution to:
Get a breakdown of each type of sales you make every month
See a breakdown of tooling costs every month and discover trends against number of parts made
Get detailed three month Cash Flow forecasts with a visual graph to identify issues before they happen
We implemented a weekly stock control system which tracked tooling and material usage. This was critical to their processes as using too much of either can result in thousands of pounds being lost. The stock control allowed Elite to see wastage and inefficient production and gave them time to implement plans to reduce this before it became an issue. We saved Elite over £10,000 in wastage in the first year working together. This system is now used at year end to value stock, tooling and WIP
We created budgets to allow Elite Manufacturing to track actual performance against predetermined performance indicators but also to compare against prior years, months and year-to-date. This allowed Elite to see trends and forecast future sales. It had the further benefit of allowing the managing director to see where capacity will be stretched
We created cashflow forecasts to help Elite track their outgoings and cash position each month. This allowed them to forecast capital investment purchases and just as importantly forecast purchases of stock needed to fulfil customer orders. We also integrated a new invoicing practice which resulted in customers paying quicker. Elite's cashflow has now thrived and they have more than triple on their bank balance thanks to our combined efforts
Pricing is fixed and based on the number of transactions. All prices exclude VAT
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Manufacturing Accounting is the only Accounting service tailored to manufacturing companies that combines financial management with Accounting. It gives you a direct insight into your business performance were it matters.
Manufacturing Accounting will give you all the information you need to improve your Cashflow, reduce wastage in production and grow your business. Get started today