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Textiles, motor vehicles or chemicals – manufacturing’s contribution to Australia’s GDP is undeniable, and we’re here to help nurture the process.
Manufacturing in Australia is still a vibrant industry. Our primary focus in this sector is efficiency and process improvement. Our manufacturing accountants in Melbourne have realised that manufacturers cannot survive the ongoing pressure of increased labour cost and skill shortage, emphasising our need to concentrate on efficiencies. Our clients in the manufacturing field range from cabinet makers, caravan manufacturers, stonemasons, toolmakers, and many others.
Case Studies – The Manufacturing Company
In 2014 The Co. began working closely with a manufacturing company operating at a loss due to generational changes. After a comprehensive breakdown of business processes, providing us with an in-depth understanding of the business, our accountants identified the manufacturing process as a key cog in the company. They went about working through each stage to initiate change.
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Administration
Typically, administration fees are costs manufacturers prefer to avoid. The Co. recognised the importance of administration and allocated funds and resources to manage this stage effectively. From taking initial orders, to dispatch, to after customer care, each step was analysed and scrutinised to determine best practice.
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Capital Investment
We critically analyse the equipment required to run a manufacturing company and explore ways they can be used to leverage other facets.
As a result, The Co. was able to assist the managing director in stepping away from the day-to-day operations, allowing him to focus on the overall business and its future direction. The company was recently sold to a profitable and successful business and will continue to grow under the new operator. This example of business growth shows how our Melbourne accountants can provide a stable and prosperous solution for people and businesses in the manufacturing industry.
Other Industries
Healthcare
The Co. is one of the top healthcare accountants in Melbourne. We work closely with Osteopaths, GPs, and Pharmaceutical companies to maintain up-to-date financial data, allowing them to make better decisions for the livelihood of their practice and betterment of their patients.
Construction
Construction is a significant driver of economic activity in Australia. In the building game, our Melbourne construction accountants work with a variety of clients, all holding different target markets within the building sector.
Hospitality
With hospitality being a difficult work environment due to hours of work required and the constant need to find staff due to the nature of the industry, our Hospitality Accountants assist in appointing and working with the owners and managers to find the right people to help with hospitality accounting. We love assisting people in all facets of the Hospitality industry: Venue Owners, Franchises and Managers.
