Enhancing Your Back-Office Accounting Needs

In today’s competitive job market, many manufacturing businesses are struggling to find and retain qualified talent. This has become increasingly difficult as many workers are seeking better work-life balance and are less motivated to return to a traditional role. The challenges of sourcing good employees and continued changes in laws and regulations can make the finances of your business a bigger obstacle to overcome.

At Dannible & McKee, we understand that strong financial management is critical to the success of your business and to staying one step ahead of your competition. For over 45 years, our team of industry specialists has provided innovative accounting and tax planning strategies tailored to the needs of our clients. These include inventory methods, inventory costing, overhead absorption, budgeting and forecasting, depreciation of fixed assets and federal and state tax credits and incentive programs. As a result, our manufacturing clients realize substantial tax savings and enhanced cash flow, which can be applied toward the company’s future and long-term goals.

We are also well-versed in the accounting software systems commonly used in the manufacturing sector, and we can assist in ensuring your tools are delivering the most useful information to help you make timely and accurate business decisions.

Given today’s rise in staffing shortages and the employee benefit costs, many companies are turning to our outsourced Chief Financial Officer (CFO) services for support. We have a full-time Accounting & Advisory Services Department that offers customized services to fit your needs, whether it is helping you through a period of transition or a long-term solution.

Our flexible service options include:

• • Financial statement preparation
  • General ledger maintenance
  • Data entry
  • Chart of accounts organization
  • Accounts payable and receivable
  • Bank, credit card and investment reconciliations
  • Forecasting and projection analysis
  • Policy & procedure development
  • Fraud screening and forensic analysis
  • Inventory analysis
  • And more

Let us help streamline your back-office operations so you can focus on growth. To learn more about how Dannible & McKee can make your accounting more efficient and cost-effective, contact Christine N. Petrone, CPB, at cpetrone@dmcpas.com or 315-472-9127. Visit our Outsourced Accounting page on our website to learn more.

Contributing author: Christine N. Petrone, CPB, is an accounting & advisory services director at Dannible & McKee. Her areas of focus include maintaining the general ledger, preparing budgets and accrual basis financial statements in accordance with GAAP, and maintaining accounting controls by preparing and recommending policies and procedures. For more information on this topic, contact Christine at cpetrone@dmcpas.com.