Accounting for Manufacturer's

Manufacturers need to get themselves engaged with a CPA firm
who can take the responsibility off their shoulders and do all the
hard work in preparing and streamlining their financial records.

Manufacturing is a tough business where high labor costs and complex supply chain issues put pressure on manufacturers to drive operational efficiencies. The manufacturing industry of Canada is on the upswing but as the growth factor comes in, we have to confront many aspects of the market competition.

Today’s manufacturing landscape of Canada is full of fluctuating supply costs, shortage of skilled labor and the growth of competition from emerging markets. Understanding of various accounting, tax and regulatory issues for manufacturing businesses has now become even more vital.

Manufacturers need to get themselves engaged with a CPA firm who can take responsibility off their shoulders and do the all hard work in preparing and streamlining financial record. Accounting services for manufacturing businesses are unique in the sense that it is based upon the cost of goods sold along with inventory valuation.

We offer a complete set of accounting services for manufacturing businesses. What our clients acknowledge the most about us is the back-end support for all of your accounting and tax issues related to the manufacturing industry. From bookkeeping; to accounting; to financial statements and the annual taxes; we are expert in delivering services which are mentioned below:

Bookkeeping Services

  • Transaction Entry
  • Journal Entries & Ledger Postings
  • Inventory Reconciliation
  • Loan Accounts Reconciliation
  • Accounts Payable Services
  • Accounts Receivable Services
  • Bank Account and Credit Card Reconciliation
  • Assets/Equipment Ledgers

Payroll Management

  • Cloud-based Payroll processing

Accounting & Tax Advisory Services

  • Profit and Loss Statement
  • Cash Flow Statement
  • Balance Sheet Reporting
  • Trial Balance
  • Fixed Assets Process Reports
  • Inventory Accounting
  • Financial Analysis
  • Monthly/Quarterly/Yearly Review
  • Corporate Income Tax
  • GST/HST Taxes
  • SRED Filing

At GTA Accounting, we have been engaged with many manufacturing businesses in preparing their financial statements, filing corporate taxes and GST/HST returns. We don’t only take care of their financial data that will be used in filing corporate income tax returns and GST/HST returns but we are also familiar with manufacturing processes and obligations for manufacturing businesses. If you are doing manufacturing business and losing control of your accounting function, GTA Accounting is there to help you in taking the control back.

Need Help With Taxes?

Bookkeeping, Tax Strategies and more.
Complete the form below to get in touch with us.

  • This field is for validation purposes and should be left unchanged.