To minimize risk and build wealth, manufacturers need more than just tax, accounting, and payroll expertise from their CPA – they need a holistic accounting and finance team. What do you need to grow your business?

  • Do you have monthly financials that provide clear visibility into your cash flow?
  • Do you know the clear drivers of profitability and how to avoid profitability traps?
  • Does your ERP seamlessly integrate with your accounting system, eliminating double-entry in both systems?

Partnering with Kirsch CPA Group will ensure you have the answers you need and enable you to leverage the decades of accounting and finance experience Kirsch has provided to hundreds of manufacturing clients in Cincinnati, Dayton and beyond since 1991. With Kirsch CPA Group as your partner, you have the tools and support you need to focus on strategies that will move you closer to your goals.

Kirsch Overview Video

Working with Kirsch is like having a fractional CFO and tax expert providing the accounting support and reporting that you need day-to-day as well as helping you to overcome bigger challenges that arise over time.

Holistic Accounting Benefits for Manufacturers

  • A thorough understanding of your financial position that drives better decision-making for hiring, bonuses, equipment purchases, lines of business adjustments, and more
  • Accurate and timely financials that provide clear visibility of profitability and growth opportunities
  • Tax planning that includes a long-term strategy to take advantage of all tax saving opportunities and plans for the future
  • Confidence that tax returns are completed timely and accurately with expertise that ensures your taxes are low
  • Deeper understanding of business profitability
  • A business that is worth more money when it is time to sell

Holistic Services to Manage Your Business

Business Planning and Advisory

  • Navigate unforeseen issues and challenges, creating plans and goals to address them
  • Evaluate pricing strategies and changes to increase profitability
  • Facilitate financing by finding credit and financing alternatives
  • Provide M&A support for expansion and sales, including business valuation
  • Assist with succession planning to ensure smooth transitions
  • Advise on new ERP systems to eliminate double entry and reliance on Excel, improving business processes to maximize cash flow, profit, and business value while tracking revenue targets and key performance indicators

Accounting Day-to-Day Support

  • Efficient and accurate preparation of financial data on a monthly, quarterly, and annual basis
  • Enhance internal procedures to control costs, streamline accounting processes and improve results
  • Provide timely financial reports to meet banking and investor requirements
  • Offer advanced accounting support for bookkeepers or accounting teams on issues like journal entries, revenue recognition, and lease accounting changes
  • Supply supplemental staff to address gaps in AR, AP, bookkeeping, and payroll
  • Reduce the need to recruit accounting staff for growth or to replace retiring employees

Financial Visibility

  • Enhance financial awareness to make informed business decisions
  • Analyze and optimize your cash cycle to improve liquidity and cash flow
  • Identify opportunities for profit and cash flow improvement
  • Optimize inventory levels to increase cash liquidity and minimize losses
  • Provide budgeting, forecasting, and cash flow analysis to manage long payment terms, seasonal fluctuations, and capital expenditures
  • Resolve discrepancies between your accounting system and ERP, ensuring seamless integration and eliminating double entries

Tax Strategy, Preparation & Mitigation

  • Prepare comprehensive business tax returns for federal, multi-state and local entities
  • Maximize qualified business income deductions (QBI)
  • Optimize tax deductions for equipment purchases, including bonus depreciation and Section 179, as well as credits for R&D, clean energy, and more
  • Manage sales tax exemptions where applicable
  • Conduct quarterly tax planning to minimize additional tax liabilities
  • Implement cash planning strategies for efficient tax expense management

The Kirsch Manufacturing Team

Pete Abner, CPA
PARTNER/MEMBER

Nick Roell, CPA
DIRECTOR

Andrew Knapke, CPA
Senior Manager

Cassidy Hicks, CPA
Manager

Accounting & Financial Support Throughout Your Business Lifecycle

Kirsch Manufacturing Experience

  • Steel & metal fabrication
  • Electronics
  • Construction equipment
  • Aerospace
  • Medical instruments
  • Plastics
  • Job-shops, batch and mass production

Private companies face unique challenges and decisions as they progress through each stage of the business lifecycle. From humble beginnings, to growing revenues and profitability, to an exit, business owners and leaders are faced with increasingly challenging decisions that are made easier with the right accounting and financial partner. Below is how Kirsch CPA Group provides this support throughout the lifecycle of your business.

Supporting New Manufacturing Ventures

For entrepreneurs launching a new manufacturing business, having the right financial foundation from day one is critical. Our team provides comprehensive startup support, including entity selection, accounting system setup, cash flow projections, product costing analysis, and tax planning tailored to the manufacturing sector. We ensure your books are accurate, your pricing is profitable, and you have the financial intelligence to make smart decisions as you ramp up operations and bring new products to market.

Growing Your Business & Outgrowing Your Accounting System

As time passes, your business will encounter challenges and questions that go beyond day-to-day operations. Issues with supply chains, inflation, labor shortages, sourcing bottlenecks, and global competitors may make it difficult to navigate the path to success. It’s important to equip your business with the right systems and team for growth, preparing for the unexpected and minimizing your tax burden.

Whether it’s a financial reporting issue or an operational challenge, the Kirsch team will help you solve problems and find actionable strategies.

You may not need a full-time CFO but there will come a time when you’ve outgrown the accounting services you used when you were getting started.

Signs that it’s time to consider next-level accounting help include:

Chronically late information from your internal accounting procedures

Poor visibility into cash flow

Higher than expected tax bills

You’re wearing too many hats

Accounting data doesn’t match ERP data

Inaccurate inventory counts

Too much money tied up in inventory

Failure to optimize tax credits and exemptions

Selling or Transitioning Your Business

The current market presents a golden opportunity for mergers and acquisitions. Planning for the sale or transition of your business should start well in advance of your retirement. Our strategic and highly customized process is designed around your business and personal financial goals, ensuring a smooth transition. The Kirsch team will help you address complex issues such as concentrated shareholder wealth, the intricacies of family-owned businesses, tax burdens, and succession planning for the next generation.

Example Manufacturing Accounting Engagements

Service Plan

Growth Enablement

Growth Acceleration

Typical Profile

  • Less than $5 million in sales
  • 5-20 employees
  • 3+ years in business
Company example

Seizing Growth Opportunities

With the demand for outdoor recreation increasing, the owner of a business manufacturing steel sprockets for motorcycles found himself riding high as production began climbing in response. With orders doubling and his 15-employee shop adding shifts to keep up, there were additional opportunities to grow and perhaps even diversify production, but the owner found himself too caught up in the day-to-day bustle to think strategically and without the financial visibility he needed to plot his next steps.

  • More than $5 million in sales
  • 20+ employees
  • 5+ years in business
Company example

Scaling Up with Strategic Financial Support

After nearly 15 years in business, a Fairfield, OH-based manufacturer of industrial cleaning solutions was growing faster than its internal accounting team could handle. Now eyeing an opportunity to launch a new line of eco-friendly products targeting the automotive industry, leadership began searching for a holistic accounting firm. They needed strategic financial support that could streamline operations, optimize tax planning, and position the company for continued growth into new markets and product categories.

Situation

  • Bookkeeper manages daily accounting
  • Owner has limited financial and accounting knowledge
  • Owner wants to focus on growth, sales and operations – not accounting
  • Same as with the Growth Enablement Plan, plus…
  • Plans for growth
  • International ownership and operation considerations

Needs

  • Keep accounting accurate, timely and prevent fraud
  • Ideas to improve business and financial processes
  • Help and guidance for their bookkeeper
  • Understanding the numbers to make decisions
  • Support for strategic thinking / prevent over-focusing on the day-to-day
  • Keep taxes low and steer clear of the IRS
  • Same as with the Growth Enablement Plan, plus…
  • Help and guidance for the whole internal accounting team
  • Bring solutions for problems

Kirsch Deliverables

  • Quarterly financial oversight: includes a 1-hour meeting with the business owner
  • Review entries in accounting software (e.g. QuickBooks)
  • Make adjustments and resolve discrepancies: errors, accrual entries corrections
  • Record depreciation and payroll adjustments
  • Adjust journal entries
  • Answer bookkeeping questions
  • Annual tax planning and strategy meeting
  • Tax returns for business and owners
  • Same as with the Growth Enablement Plan, plus…
  • Monthly financial oversight: period end close, includes a 1-hour meeting with the business owner
  • Reconcile bank accounts to bank statements and receipts to credit card statements
  • Monitor accounts receivable (AR)
  • Monitor accounts payable (AP) aging
  • Document fixed assets and record depreciation
  • Prepare profit and loss (P&L) and balance sheet
  • Maximize tax deductions: qualified business income (QBI), equipment/first-year bonus depreciation (section 179), business travel, minor repairs, company vehicles, retirement plans (SECURE 2.0), and state sales tax
  • Maximize tax credits: clean energy, R&D, CHIPS Act
  • Metric tracking reporting
  • Monthly and annual financial statements
  • Quarterly strategy meetings

Pricing

  • Starts at $20,000 per year
  • Equivalent to hiring both a CPA firm and fractional CFO
  • Starts at $50,000 per year
  • Equivalent to hiring a CPA firm, fractional controller, and fractional CFO

Additional Service Options

  • Bank and credit card reconciliation
  • Payroll: weekly or biweekly
  • Inventory planning and monitoring
  • Cash flow projections
  • Accounting software clean-up and support
  • Lines of credit
  • Product costing and pricing
  • Return on investment (ROI)

Manufacturing Accounting News

Grow Your Manufacturing Business

Contact a member of the Kirsch CPA Group team to learn more about what strategic and holistic accounting services can do for your manufacturing business.

Kirsch team

How To Get Started