Manufacturers face a unique set of challenges on the financial side of their industry. Keeping processes lean and productive is key to a profitable business.

Economos Chartered Accountants are the trusted advisors for manufacturing companies. Manufacturing companies today need to improve performance and manage their costs effectively to ensure cash flow remains positive and their business remains profitable. As a manufacturer, you need accurate record keeping to keep track of every dollar accurately for better business reporting and to remain compliant and assist in understanding where to cut costs and increase profits with your manufacturing business. Economos Accountants can establish cloud accounting services with custom reporting to help you maintain a daily snapshot of your manufacturing business so you can stay on top of your business performance within a days notice.

Economos’ CFO advisory service can find and analyse your manufacturing financial information and reports inclusive of industry forecasts, efficiency audits, equipment depreciation vs investment requirements so that you can make better business decisions to improve the performance of your company. Our CFO Advisory team have years of experience as CFOs themselves—so they can help you see where to invest your money, leverage your equity, and find financing for your newest ventures.

Our Economos tax advisory team will not only help you prepare and lodge your manufacturing annual tax returns but also be your trusted accounting advisor to maximise tax credits that can save you from making unnecessary tax payments to the ATO. Whether it’s equipment depreciation, tax credits for research and development or capital gains tax , we will look for any way we can to help you reduce your taxes legally so you can save your dollars and reinvest them in new equipment or assets.

The manufacturing market and their investors are demanding more accountability and transparency with financial reporting and analysis to make sound investment decisions and manage risk effectively. An internal audit can provide you with the best close-up look at how efficiently and profitably your manufacturing business is operating at with a forecast on the short and long term investment requirements, risks and opportunities. Economos Chartered Accountants take their audits very seriously and ensure they dig deep to gain better insights into your business by relying on accurate data and financial reporting as well speaking with all relevant stakeholders in your manufacturing business.

The manufacturing business can be very competitive and a challenge to run where large spaces and high rents as well as expensive equipment and salary costs are sky rocketing. Manufacturers must find ways to enhance their business revenues and cut costs to remain competitive and operate profitably. This might require the investment of new technologies to assist with cost reductions with maximum volume output. At Economos, our business advisory team can research and review your financial reports to assist you in understanding where to streamline your performance and business processes and find more efficient ways to handle logistics, human resources, and your supply chain. With partners in a growing list of countries all over the world, our business advisory team can even help you source labour or materials in other countries, taking charge of complicated international tax laws and translation challenges. We can also help you better manage your inventory, keeping track of it in real time with our custom cloud accounting solutions, conduct industry surveys and benchmarking reports.

Our leading-edge technology advisory team can assist you in retiring legacy versions of software and take your business into the cloud with our secure cloud accounting solutions. Immediate invoicing and an up-to-the-minute inventory system—both available with cloud accounting--give you an accurate view of how your company and products perform in both production and sales.