Manufacturing

Situation

A privately owned manufacturing company had outgrown its internal accounting infrastructure. Financial reporting was inconsistent, inventory balances were
poorly supported, and internal controls were informal. The company was not preparing for a transaction but was facing its first external audit and increased lender scrutiny. Management needed to professionalize the accounting function and reduce risk.

Our Role

We were engaged to provide outsourced accounting support and strengthen the finance function. This included taking ownership of day-to-day accounting, formalizing inventory tracking and valuation, and implementing internal controls around reconciliations, approvals, and reporting. We worked directly with management and the external auditors to document processes, address audit questions, and ensure financial statements were complete and supportable.

Outcome

The company completed its audit successfully with no significant deficiencies. Financial reporting became more consistent and reliable, reducing management distraction and audit-related risk. The strengthened accounting function provided a solid foundation to support ongoing growth, financing needs, and future strategic options.