Manufacturing businesses face complex financial challenges, from tracking raw materials and work-in-progress inventory to managing finished goods and production costs.
Our specialised bookkeeping services help manufacturers maintain accurate inventory records, reconcile accounts, and generate reliable cost of goods sold (COGS) reports. Beyond bookkeeping, we also provide payroll for small businesses, ensuring your employees are paid accurately and on time while helping you stay compliant with payroll obligations.
By partnering with Numerix, you gain a trusted financial team dedicated to supporting the growth and long-term success of your manufacturing business.
Managing manufacturing books comes with unique hurdles. We help you navigate:
From daily transactions to complex project financial management, our comprehensive accounting and bookkeeping services ensure your business remains profitable and compliant:
Track raw materials, WIP, and finished goods accurately with monthly stock reconciliation and write-off reporting.
Monthly COGS calculation including direct materials, labour, and overhead, so you know your true production margin.
Allocate all costs to individual production runs or jobs for per-unit and per-run profitability analysis.
Process all supplier invoices, manage payment runs, and reconcile supplier statements on time.
Manufacturing Award payroll and allocation of labour costs to production activities and jobs.
Accurate quarterly BAS including correct GST treatment for all input and output supplies.
Partners & Apps
Our team of expert accountants and bookkeepers is here to support you, giving you the tools and insights you need to achieve your business goals effortlessly.
Eliyah at Numerix Accounting! He is very organised and works well with us in our book keeping.
The team helped me to setup my marketing business and offered different bookkeeping solutions that suit our needs.
I was in need of a bookkeeper / accountant, I spoke to Igor and was extremely happy with the services he provides.
After being let down by another company, I’m so glad I found Numerix, the amount of time saved and problems resolved has been great, they communicate very well and are a pleasure to deal with
Book a complimentary 30-minute consultation, and let us review your current financial setup to identify gaps, risks, and opportunities for improvement. We’ll show you how to streamline your bookkeeping processes, enhance financial visibility, and implement a clear, reliable system that supports confident and informed decision-making.
We set up WIP as a separate inventory account in your accounting software and allocate materials and labour costs as production progresses. At period end, we value WIP accurately based on completion percentage and cost accumulation.
Yes, we integrate with Cin7 (now Cin7 Core), Unleashed, MYOB Advanced, and most major inventory platforms. Stock movements flow directly into your accounting system without manual entry.
We work with you to establish an overhead absorption rate based on your production volume, machine hours, or direct labour hours, whichever best reflects how your facility operates. This ensures your COGS includes a fair share of fixed production costs.
