Manufacturing and Constructionat KLPCPAs
Every manufacturing and construction operation is a little different and that uniqueness is typically tied to inventory. Our experience will help you answer important questions and chart the right course.
- How do you measure the costs associated with the creation of your inventory?
- Do you have the right accounting software and internal procedures to measure these costs?
If you aren’t getting meaningful, timely accounting information, the problem is probably tied to your system and procedures, and you probably need the help of an accounting professional.
- How is your banking relationship these days?
This might be the biggest challenge facing the small business owner. Now more than ever it is important for your banker to have confidence in the financial information that you produce. Are you being asked for audited or reviewed financial statements? Can your current accountant deliver this service? We are qualified to prepare audited or reviewed financial statements. If you aren’t totally clear as to the difference between the audits, reviews and compilations see our accounting services page.
Are you and your people capable of producing timely financial information that you feel confident in talking to your bank? If you feel like you need help in this area may be a portion of your month end close needs to be outsourced.
- Where is your business going?
- How will that new piece of business or the loss of a large customer impact cash flow?
You need to know the answer to these questions. An accounting professional can help you produce projected financial statements or a model for projecting future cash flows.
Contact us today to request more information on either of these industries. One of our dedicated accountants is available and committed to helping you with your manufacturing and construction accounting needs.