Running a manufacturing concern requires knowledge of the cost of the products manufactured, not just to determine profitability, but because it is required by Generally Accepted Accounting Principles.
However, many companies do not have a cost accounting system or procedures because they are too small to have had a controller and/or a system, and don’t otherwise have financial reporting requirements for it from their lenders.
In such a basic system, actual costs are merely allowed to flow through to the financials, whereas cost accounting would take note of the beginning and end-of-year inventories and appropriately assign costs.
If a company needs to establish its cost accounting, we have extensive experience in choosing the proper cost methodology including prices or job costing, and how to implement it.
We also are a QuickBooks specialist, and can work in a myriad of other software as well.
Call or write us!