What we handle
- Inventory valuation: raw materials, work in progress and finished goods reconciled to stock and production reports.
- Costing: standard or actual cost journals, overhead absorption, and purchase price, usage and overhead variance analysis.
- Cost of goods sold and gross margin by product line, customer or plant.
- Inventory reserves: slow-moving and obsolete stock reviews for your approval.
- Fixed assets: plant and equipment registers, capitalisation, depreciation and disposals.
- Purchasing and payables: three-way match of purchase orders, goods received and supplier bills.
- Month-end close with landed costs, accruals for goods received not invoiced, and a flux review.
- Audit support: stock count reconciliations, inventory roll-forwards and costing schedules for your auditors.
Frequently asked questions
Can you work with standard costing?
Yes. We post standard cost journals, analyse purchase price, usage and overhead variances each month, and help you update standards at year-end.
Do you attend physical stock counts?
We prepare count sheets and instructions, reconcile the count results to the books and post the adjustments. The count itself is done by your team or, for an audit, observed by the auditor.
Which systems do you work in?
QuickBooks Online with inventory apps, Xero, Zoho Books and Zoho Inventory, NetSuite and Sage, plus the production and stock reports from your ERP. Tell us your system on the scope call.
General information only, not legal, tax, audit or professional-conduct advice. Rules, standards and software features change, so confirm the position that applies to your firm before you act. See our disclaimer.
