Cost Tracking · BOM Analysis · WIP Valuation
Each service addresses a distinct layer of manufacturing cost management. They work well individually and can be combined to create a fuller picture of your production economics.
About These Services
Manufacturing cost accounting covers a range of analytical work — and not every manufacturer needs all of it at once. These three services were developed because they address the most common gaps we see: production costs that aren't tracked at the unit level, bill of materials that haven't been financially reviewed in some time, and WIP that's estimated rather than properly valued.
Pricing is stated clearly because transparency about what you're committing to is part of how we work. Monthly engagements include consistent delivery; periodic engagements are scoped per review cycle.
What's included
Service 01 · Monthly Engagement
The core manufacturing cost accounting service. Each production run or job order is costed individually — materials going in, labor applied, overhead allocated — so you know what each unit actually costs to produce, not just what was spent in total.
Monthly reports summarize production costs, include inventory valuations at period end, and compare actuals against standard costs. Variances are identified and presented with enough context to understand what drove them.
Suitable for discrete and process manufacturers with moderate complexity — businesses where per-unit economics directly affect pricing and operational decisions, and where current reporting doesn't provide that level of detail.
Best for
Manufacturers where pricing decisions rest on knowing what a unit costs, where inventory valuation is material to the balance sheet, or where management needs to understand production margin at a job or run level — not just overall.
Service 02 · Periodic Engagement
A structured financial review of product bills of materials to confirm that the costs captured at each assembly level are accurate and current. Materials, labor time estimates, and overhead rates are cross-referenced to produce a fully loaded unit cost for each BOM reviewed.
The review identifies components where purchase prices have shifted materially since the last review — which often reveals either pricing risk (you're selling at margins based on old cost assumptions) or procurement opportunities (some costs have come down and could be reflected in updated standard costs).
Designed as a periodic engagement — typically quarterly or semi-annually — rather than a monthly service. Each cycle is a complete, documented review.
Best for
Manufacturers with multi-level product structures where cost capture at each assembly level is important for pricing accuracy. Particularly useful when input costs are volatile or when standard costs haven't been systematically reviewed in some time.
What's included
What's included
Service 03 · Monthly Engagement
A periodic valuation of partially completed goods currently in the production pipeline or on the factory floor. WIP is often the most judgment-intensive part of manufacturing accounting — the stage of completion matters, and the costing methodology applied needs to be consistent with how the rest of the cost accounting is handled.
Each period produces a detailed WIP schedule that supports both financial statement presentation and internal inventory management decisions. The schedule identifies what's in progress, at what stage, and what cost has been accumulated to date.
Can be combined with the Manufacturing Cost Accounting service to produce a complete picture — or run as a standalone engagement for businesses that already have job costing in place but need WIP specifically handled with more rigor.
Best for
Manufacturers where WIP sits on the balance sheet in material amounts, where production cycles are long enough that partially completed goods are significant at any point in time, or where current WIP figures are estimated rather than methodically calculated.
Combining Services
Each service stands alone. They're also designed to complement each other when a fuller picture of production economics is needed.
Services 01 + 03
Manufacturing Cost Accounting combined with WIP Valuation covers the full production cycle — from raw input to finished output — within a single coherent monthly reporting framework.
$1,400 USD/month combined
Services 01 + 02
Ongoing monthly cost reporting with periodic BOM reviews ensures that the standard costs underlying the monthly analysis stay current as material prices shift.
$850/month + $700 per review
All Three Services
The complete picture: monthly cost reporting, WIP valuation, and periodic BOM analysis working together to cover all three layers of manufacturing cost management.
$1,400/month + $700 per BOM review
Getting Started
01
A short conversation about your manufacturing environment, current reporting, and what you're looking to address. No formal process — just a direct discussion.
02
We confirm which service or services fit, what data we'll need from your side, and what the engagement will produce. Written before work starts.
03
The cost accounting framework is built for your specific operation — categories, methodology, allocation approach — and documented before reporting begins.
04
Reports delivered on the agreed schedule. Communication is direct. Changes to the framework are documented and explained when they occur.
Practical Questions
Discrete and process manufacturing environments across a range of industries. The common thread is that production has measurable inputs and outputs — raw materials going in, finished or semi-finished goods coming out. Specific industries served include components manufacturing, food and beverage production, industrial equipment, and specialty chemicals, among others.
No. These services work alongside your existing systems — whether that's an ERP, standard accounting software, or manual records. What matters is that production data can be extracted in a workable format. We'll establish at the outset what that looks like for your operation.
The setup phase requires more input — typically a few hours over the first two to three weeks to review the production environment, establish the framework, and confirm data sources. After that, the ongoing monthly time requirement is modest — mainly providing production data in the agreed format and reviewing the reports when delivered.
This is discussed as part of the initial scope conversation. Monthly services work best with at least a three-month horizon — the setup investment and the value of establishing a consistent methodology both argue for giving the engagement enough time to produce meaningful comparative data. Shorter engagements are possible but worth discussing honestly upfront.
No — these services sit alongside general accounting and bookkeeping, not in place of them. Tax compliance, financial statement preparation, and general bookkeeping remain with your existing accountant. What Velmoras provides is the manufacturing cost layer that most general accountants don't specialize in.
Get in Touch
A short conversation about your operation is usually enough to identify which service — or combination — makes sense. There's no formal process and no commitment required to have that discussion.
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