Manufacturing

Challenging economic conditions, global competition and cost pressures have made it difficult for manufacturing businesses to maintain margins and remain competitive in the marketplace. As financial, tax and consulting specialists, HLB Gross Collins provides custom tailored services to meet the specific needs of each business. Our individualized accounting services address manufacturing industry-specific challenges, compliance needs and industry standard tax practices.

Our overall objective is to enhance our clients’ growth and profitability through value-added, industry-specific advice. Clients engage our teams as consultants to help them understand cost variances and internal controls related to inventory flow and merchandise sales; identify potential risks of fraud; and analyze product line profitability.

Our traditional services include tax planning, tax preparation, and audited, reviewed, or compiled financial statements. Our specialized services for manufacturers include:

• Cost accounting and standard costing
• Inventory management
• Software selection
• Profit contribution analysis
• Cost reduction
• Budgets/variance analysis
• Cash flow management
• Financial projections and operating budgets
• Assistance with financing relationships, banking and capital formation
• Business planning and investment decisions