Whether you are a new business owner or a 30-year veteran in your industry, big financial decisions never become “easy.” With that said, though, Pricount LLC can help to make things easier for your business. We provide financial consulting and business management consulting for a range of different sectors.
THESE SECTORS INCLUDE:
Construction: Accounting for construction companies involves tracking all of the direct and indirect expenses associated with each building project. The profits from each project also factor into accounting decisions.
Manufacturing: Accounting for manufacturing businesses takes into account the amount of money spent on making products. Most financial decisions revolve around three inventory categories: direct materials (materials to be used to create new products), work in progress (materials tied up in incomplete product manufacturing pipelines), and finished goods (materials that have been turned into products that are ready to sell).
Retail: Retail accounting is somewhat complex, due to the different ways in which inventory can be valued. Some retailers value their inventory based on the amount of money they bought it for, while others value inventory based on the prices for which it is expected to sell.
Wholesale: Wholesalers, or distributors, make their money by purchasing something from a manufacturer and selling it to the enterprises that need it. As with retailers, most of a wholesaler’s accounting pertains to the value and cost of inventory goods.
Service: Companies that profit from providing a service rather than selling a product plan their finances in different ways. Here, the cost of tools, materials, and labor to provide the service are the core expenses, while payments and deposits have to be considered on the other side of the equation.