Manufacturing Accounting Services

Overview

Excel Complete provides manufacturing accounting services focused on accurate costing, inventory control, and monthly financial reporting. As a CPA-led firm, we manage day-to-day financial operations, track costs and ensure your financials are consistent and timely.

Our work centers on prodcut costing, margin analysis, inventory accounting. We'll help structure your systems and chart of accounts and costing models so materials, labor, and overhead are captured correctly, giving you visibility into the metrics that drive your buisness.

What separates us is our technology-focused approach. We enhance manufacturing systems by refining ERP implementations, building custom tools, and structuring data so production and financial reporting stay aligned. The result is simpler accounting, better data, and stronger decision-making.

Construction Accounting Cost

Manufacturing accounting services are structured as a monthly retainer based on your business size, production volume, and the complexity of your systems. This includes daily financial operations, monthly close, standard costing, inventory accounting, and ongoing reporting.

Most small to mid-sized manufacturers fall between $2,000 and $6,000 per month. More complex environments, including multi-entity operations, advanced costing models, or ERP integration work, typically range from $6,000 to $10,000+ per month.

For new clients, we offer a one-day on-site engagement for $1,200. We review your accounting, costing setup, inventory processes, and reporting, meet with your team, and assess your current systems and workflows. At the end of the session, you receive a clear roadmap outlining improvements to your workflows, accounting processes, and financial reporting.

On-site consulting is available for organizations near our Ann Arbor, Michigan office:

• Detroit, MI
• Grand Rapids, MI
• Toledo, OH
• Akron, OH
• Columbus, OH
• Chicago, IL
• Cleveland, OH
• Cincinnati, OH
• Pittsburgh, PA
• Indianapolis, IN

On-site consulting is available for additional locations; travel costs may vary.

Our Process

1) Understand

We start by understanding your business, current accounting setup, and how data flows through your systems. This includes reviewing your financials, costing methods, inventory processes, and reporting, and identifying where processes break down or lack visibility.

2) Manage and Report

We take over day-to-day financial operations, including bookkeeping, monthly financials, standard costing, and inventory accounting. We structure your reporting to provide clear visibility into cost per unit, product margins, and overall financial performance.

3) Improve

We improve the systems behind your accounting. This includes refining ERP setups, building workflows, and structuring your data so production and financial reporting stay aligned, supporting better reporting, forecasting, and operational decisions.

Bookkeeping and Financials

We manage daily bookkeeping and monthly financials to ensure your books are up to date and reliable. This includes recording transactions, reconciling accounts, and maintaining accurate financial statements that reflect your current position across purchasing, production, and operations.

Our focus is on making your financials usable, not just complete. We structure your reporting to present revenue, cost of goods sold, inventory movements, and operating expenses, providing a reliable foundation for standard costing, margin analysis, and decision-making.

We also build reporting around key performance indicators, including gross margin by product line, inventory turnover, and cost variance trends. This gives you clear visibility into financial performance each month, not just at a high level, but at the level where operational decisions are made.

Product Costing

We design standard costing models to ensure your product costs are accurate and consistent. This includes structuring the bill of materials (BOM), allocating labor and overhead, and aligning the costing methodology with your business workflows.

We'll identify cost variances and highlight problem areas that drive margins. This reporting gives you visibility into where costs are increasing, where efficiencies exist, and how production decisions impact profitability.

Inventory Accounting

We manage inventory accounting, including applying appropriate methods such as FIFO, LIFO, or weighted average. The goal is to ensure your inventory balances are reliable and aligned with your financial statements each month.

We structure processes and build tools to monitor shrinkage, write-offs, and cycle counts, helping keep inventory accurate over time. By tightening reconciliation and properly tracking adjustments, we eliminate mismatches between operations and accounting.

System Implementations

Technology is what separates us from other accounting services. We'll improve the systems behind your accounting so data flows seamlessly from operations to financials. This includes ERP implementations, custom tooling, and the development of workflows that eliminate manual steps. The goal is to make managing everything easier to track, reconcile, and maintain on an ongoing basis.

We also build custom tools and micro-controls to streamline production and testing, including tracking material performance, monitoring conditions such as temperature and durability, and capturing data that typically lives outside your ERP. This ensures operational data flows into your accounting system, enhancing decision-making.

We support and build on top of common manufacturing and accounting systems, including:

• QuickBooks
• NetSuite
• SAP
• Oracle
• Microsoft Dynamics

These improvements enable your accounting, production, and reporting systems to work together, providing more reliable data and a clearer view of your business.

Benchmarking

We offer annual benchmarking to help you understand how your business compares to other manufacturers. Much of this analysis is built directly from your financials, costing models, and inventory data. Results are aggregated and anonymized across clients to provide insight into margins, cost structures, inventory performance, and key operational metrics, helping guide decisions around pricing, cost control, and production efficiency.

For clients who want additional insight, we offer an optional survey that captures operational and workforce metrics, including organizational structure, production workflows, and employee data. This can include standard measures such as Net Promoter Score (NPS). Combined with financial benchmarking, this provides a broader view of performance and helps identify opportunities to improve operations, efficiency, and team effectiveness.