Manufacturing

Gain powerful insights and automate tasks with our exhaustive accounting solutions for manufacturing industry

Unify your financial picture with our comprehensive accounting solutions

In the fast-paced world of manufacturing, keeping a tight grip on your finances is crucial. Fincubex’s specialized accounting services cater directly to the unique needs of manufacturers. We translate complex floor activity into clear financial insights, helping you optimize costs, track inventory efficiently, and ensure regulatory compliance. From managing overhead and direct labor costs to streamlining project costing and forecasting future trends, our team works as an extension of your operations, ensuring your financial data is accurate, timely, and empowers informed decision-making that propels your manufacturing success.

How We Work?

Data Collection

Gather financial data from various sources, including production records, sales, purchases and payrolls.

Recording Transactions

Record financial transactions in the accounting system, categorizing them based on their nature (e.g., revenue, expenses, assets, liabilities).

Inventory Management

Monitor inventory levels of raw materials, W.I.P, finished goods, track inventory movements, and update inventory records to reflect accurate costs and quantities.

Accounts Receivable

Generate and send invoices to customers, record customer payments, and follow up on overdue accounts for collections.

Accounts Payable

Receive and process supplier invoices, record payments to suppliers, and manage accounts payable to ensure timely payments.

Financial Reporting

Prepare financial statements, including the income statement, balance sheet, and cash flow statement, to provide an overview of the company's financial performance and position.

Cost Accounting

Analyze production costs, allocate overhead costs, and determine the cost per unit of production using appropriate costing methods (e.g., job costing, process costing, activity-based costing).

Budgeting and Forecasting

Develop budgets and financial forecasts based on historical data, market trends, and business goals to guide financial planning and decision-making

Regulatory Compliance

Ensure compliance with financial reporting standards, taxation laws, and industry regulations by maintaining accurate records and submitting required reports and filings.

Internal Controls

Establish and maintain internal controls to safeguard assets, prevent fraud, and ensure the accuracy and integrity of financial information.

Performance Analysis

Analyze financial data and key performance indicators (KPIs) to assess the company's financial health, identify areas for improvement, and make informed business decisions.

Continuous Improvement

Regularly review and evaluate accounting processes and procedures to identify opportunities for efficiency gains and process improvements.

Simplify your factory finances: Get our expert accounting services for your Manufacturing Business

Software We Use

info@fincubex.com

+91 9662650287

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Welcome to Fincubex

Manufacturing

Gain powerful insights and automate tasks with our exhaustive accounting solutions for manufacturing industry

The Edge with Fincubex

Unify your financial picture with our comprehensive accounting solutions

Your Trusted Partner in Numbers

How We Work?

Data Collection

Gather financial data from various sources, including production records, sales, purchases and payrolls.

Recording Transactions

Record financial transactions in the accounting system, categorizing them based on their nature (e.g., revenue, expenses, assets, liabilities).

Inventory Management

Monitor inventory levels of raw materials, W.I.P, finished goods, track inventory movements, and update inventory records to reflect accurate costs and quantities.

Accounts Receivable

Generate and send invoices to customers, record customer payments, and follow up on overdue accounts for collections.

Accounts Payable

Receive and process supplier invoices, record payments to suppliers, and manage accounts payable to ensure timely payments.

Financial Reporting

Prepare financial statements, including the income statement, balance sheet, and cash flow statement, to provide an overview of the company's financial performance and position.

Cost Accounting

Analyze production costs, allocate overhead costs, and determine the cost per unit of production using appropriate costing methods (e.g., job costing, process costing, activity-based costing).

Budgeting and Forecasting

Develop budgets and financial forecasts based on historical data, market trends, and business goals to guide financial planning and decision-making

Regulatory Compliance

Ensure compliance with financial reporting standards, taxation laws, and industry regulations by maintaining accurate records and submitting required reports and filings.

Internal Controls

Establish and maintain internal controls to safeguard assets, prevent fraud, and ensure the accuracy and integrity of financial information.

Performance Analysis

Analyze financial data and key performance indicators (KPIs) to assess the company's financial health, identify areas for improvement, and make informed business decisions.

Continuous Improvement

Regularly review and evaluate accounting processes and procedures to identify opportunities for efficiency gains and process improvements.

Simplify your factory finances: Get our expert accounting services for your Manufacturing Business

Software

Software We Use

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+91 9662650287

+91 9662650287

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