Manufacturing

The distribution, manufacturing and warehousing industries face rising costs, global competition, increased regulations, labour matters and evolving technology opportunities and challenges. This makes it more critical than ever that businesses turn to accountants and advisers who have the expertise and the ability to actively seek solutions and maximise opportunities.

PMK Accountancy Services can help manufacturing businesses with:

• Preparation of annual accounts and tax returns
• Tax advice
• Consideration of benefits of incorporation
• VAT advice
• Advice on the choice of accounting software and its operation

PMK Accountancy Services can provide much more than compliance services.  As manufacturing isn’t like other types of business such as those within the retail sector which sell stock, or service companies which sell their time, manufacturers create new products from scratch which create different accounting requirement. 

Manufacturing businesses have to account for their raw materials and processing costs, but they also have to work out the value of the finished items they create.  There are different methods of doing this and you’ll need to be able to choose the right one for your business and use it properly. PMK Accountancy Services can help you with this and we have worked closely with clients in this area.  

With the right accounting systems in place for your manufacturing business, you’ll be able to optimise your processes and can help you identify your most profitable product lines and customers and improve your budgeting – which will all help your business to grow.