ACCOUNTING SOFTWARE FOR MANUFACTURERS

The best accounting software for manufacturing businesses helps you manage your inventory, track workers’ time, streamline your operations and stay on top of GST. It also needs to be able to connect to the tools you need most and sync data automatically. QuickBooks Online Plus has all the features Australian manufacturers need to manage their business most efficiently and automate their accounts. Start your free trial today or see our latest offers if you choose to buy now.

The key to reducing production costs in manufacturing is to have an accurate overview of what you spend and where you spend it. With QuickBooks Online Plus, you can monitor the profitability of each of your products, optimise your inventory process and cut costs wherever possible. Produce customised reports to help you make decisions about which suppliers to use, where to allocate workers and how to develop your product range. That’s how we help you pave the way towards a more cost-efficient business.

The cost of goods manufactured (COGM) is a calculation that helps you work out whether your overall production costs are too high or too low when compared to your revenue. The equation compares the manufacturing costs that you incurred during a specific period with the goods that were finished in that time. With QuickBooks’ clever cost and inventory tracking software, you can work out your COGM quickly over any specified period.

As a manufacturer, your job is to use materials, components and labour to produce finished products such as cars, electronics, audio equipment or pharmaceuticals. Distributors, in turn, place bulk orders with your business to sell those products in much smaller quantities to retail stores or end-users.