Accounting built around inventory, operations and growth.
Bookkeeping, payroll, HST/GST, tax and financial reporting for Ontario manufacturers, wholesalers and distribution businesses.
- Inventory and cost records
- Supplier and customer accounts
- Equipment and payroll
- CPA-led oversight
Your books should reflect how goods move through the business
Cash leaves for materials, inventory, freight and labour before finished goods are sold and customer payments arrive.
A dependable accounting process connects purchasing, production, inventory, sales and financing so reports provide a clearer view of operations.
- Materials and finished goods
- Purchasing and supplier bills
- Customer invoices and deposits
- Freight and landed costs
- Payroll and production labour
- Equipment and financing
Where manufacturing finances become complicated
Inventory absorbs cash
Materials and finished goods may be paid for well before customer collections occur.
Costs cross departments
Materials, labour, freight and overhead need consistent classification for useful reporting.
Margins are hard to see
Revenue growth can hide increases in input, labour and fulfillment costs.
Equipment changes the balance sheet
Purchases, leases, financing and disposals require complete supporting records.
Working capital is stretched
Supplier terms, inventory days and customer collections compete for available cash.
Month-end takes too long
Missing counts, bills or reconciliations can delay reporting and year-end preparation.
Connected support across the operating cycle
Monthly Bookkeeping
- Bank and credit-card reconciliation
- Income and expense classification
- Monthly financial statements
- Balance-sheet schedules
Inventory & Cost Records
- Inventory-account coordination
- Purchase and freight records
- Cost-of-sales support
- Count adjustment records
Receivables & Payables
- Customer invoice support
- Supplier bill records
- Aging report review
- Payment and collection visibility
Payroll & HST/GST
- Payroll processing coordination
- Source-deduction tracking
- Sales-tax account review
- HST/GST return support
Corporate Tax & Year-End
- Year-end working papers
- T2 corporate tax returns
- Capital asset schedules
- Tax-account review
Cleanup & Guidance
- Historical reconciliation
- Cash-flow and budget support
- Customized reporting
- Periodic financial discussions
See what is driving margin and cash
Reporting should help management look beyond sales to the resources required to produce, store and deliver the product.
Accounting for product-based operations
A practical route to organized operational accounting
Discovery
We discuss products, systems, inventory, purchasing, payroll, tax and reporting needs.
Assessment
We review available supporting records, workflows and any historical cleanup needs.
Setup & Catch-Up
We organize accounts, establish access and bring records to the agreed starting point.
Monthly Support
We follow the closing schedule, reconcile accounts and deliver agreed reporting.
Financial support grounded in operations
Manufacturing accounting questions
Can you help with inventory accounting?
Yes. The scope depends on your inventory system, count procedures, product complexity and source records. Advanced costing is included only when specifically agreed.
Can you track results by product or division?
Where the accounting system and records support it, reporting can use classes, locations or another appropriate structure.
Can you help if the books are behind?
Yes. We can assess the available banking, inventory, supplier and sales records, then quote a cleanup engagement.
How are equipment purchases handled?
We review purchase, financing, lease and trade-in documents so transactions can be recorded appropriately and supported at year-end.
Do you support multi-currency transactions?
Yes, depending on volume and system capability. The currencies, suppliers, customers and banking arrangements should be reviewed during discovery.
Ready for accounting that works with your business?
Book a complimentary consultation to discuss your inventory, systems, records and reporting needs.