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Accounting for Manufacturing

Manufacturing Cost Accounting & Stock Valuation Services

Ensure accurate Cost of Goods Sold (COGS). Track Bill of Materials (BOM), record work-in-progress (WIP) values, and reconcile raw materials.

manufacturing cost accountingBill of Materials trackingWIP inventory valuationasset depreciation schedules
Challenges we solve

Is your business facing these accounting bottlenecks?

Inaccurate Cost of Goods Sold (COGS) distorting margins

Mismatched physical raw materials vs. stock vouchers

Unresolved WIP assets cluttering balance sheets

GST tax mismatches in raw material invoice portals

Our Solution

Expert remote accounting designed for absolute clarity

Experienced cost accountant maintaining inventory records

Regular physical stock matches with software stock logs

Accurate WIP tracking categories in Tally or QuickBooks

Systematic GSTR-2B reconciliations ensuring full ITC

What this service includes

  • Bill of Materials (BOM) voucher entries and cost tracking
  • Work-in-Progress (WIP) inventory valuation logs
  • Asset depreciation schedules and CAPEX logs
  • GST input credit matching for raw material purchases

Best fit

This page is for business owners, startups, ecommerce sellers, CA firms, CPA firms, and SMEs that need reliable remote accounting support without building a full in-house team.

We support India, UAE, Cyprus, and Kenya with Xero, QuickBooks, TallyPrime, and Busy workflows.

The Process

Our 5-Step Remote Accounting Onboarding

1

Costing Audit

Reviewing BOM schemas, production lines, and assets.

2

Access Sync

Setting up remote access or backup directories.

3

Daily Posting

Entering raw material purchases, stock, and WIP logs.

4

Tax Calculations

Estimating GST liabilities and raw material TDS.

5

MIS Dashboard

Closing files and exporting cost sheet packs.

Why Choose FinTechPro

Experienced remote accounting without hiring overheads

Certified cost accountants with manufacturing sector exposure

Robust stock reconciliation processes for inventory hygiene

Affordable offshore retainer plans avoiding local hire costs

NDA-protected folders keeping financials secure

Frequently Asked Questions

Have questions about Accounting for Manufacturing?

What is WIP inventory?+

Work-in-Progress (WIP) represents raw materials partially converted to finished goods.

How do you handle Bill of Materials (BOM)?+

We configure BOM logs in Tally or Busy to auto-deduct raw materials upon assembly.

Can you help track factory overhead allocations?+

Yes, we set up cost centers to allocate power, labor, and factory rent.

Do you manage capital asset registers?+

Yes, we track plant machinery costs and post monthly depreciation journals.

How is physical stock discrepancy handled?+

We compile physical vs. system variance reports for management adjustments.

Do you coordinate with raw material suppliers?+

We reconcile supplier ledgers to verify outstanding balances.

Request Support

Tell us your accounting requirement.

Submit the form and our accounting team will contact you within 24 hours.