Bookkeeping & monthly accountingManufacturing
Most shops know what they quoted. Fewer know what the job actually cost once materials, burdened labour and shop overhead are counted. Here's how to work it out, and how the wrong overhead method can make your best product look like your worst.
Bookkeeping & monthly accountingManufacturing
A busy shop can be short of cash precisely because it's busy. Here's how inventory, work in progress and slow-paying customers tie up money, how to measure it with one number, and the levers that free cash without borrowing.
Bookkeeping & monthly accountingManufacturing
If your year-end count always produces a surprise adjustment, the problem is usually the routine, not the count. Here are the usual culprits, a monthly routine that fixes them, and how year-end inventory valuation and obsolete stock affect your tax.