Manufacturing

We bring a competitive advantage to our manufacturing clients through our extensive industry experience.

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Minnesota Manufacturing Accounting Services.

As you push your shop floor to run faster, leaner and more efficiently, you need people who can help you apply the same principles to your business office. In today’s competitive environment, manufacturers need to have good systems in place to monitor and control all phases of their operations. How can we help your manufacturing business plan for the future?

We work with approximately 100 Minnesota manufacturing companies helping them grow with accounting and consulting solutions.

Meet our manufacturing team

Our Client Survey Results

Net Promoter Score 83.9% 83.9%

Average NPS score in the accounting industry – 38%

Understanding of Client Needs 92% 92%
Delivers High-quality, Error-free Work 94% 94%

We understand the industry and what keeps you up at night

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Inventory Cost

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Shortage on Materials & Parts

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Planning for growth & expansion

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Labor Issues

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Staying in Compliance with laws & regulations

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Cash flow & Forecasting

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Maximizing Profit Margins

specialized manufacturing industry services

401(k) and 403(b) Plan Audits
Job Costing & Burden Rates
Retirement Plan Consulting
Bookkeeping & Payroll
Business Valuation
Projections & Financial Analysis
Technology Consulting

Let’s start the conversation.
Contact us today to schedule a consultation with one of our industry experts.

Send Us a Message

Actively involved in the industry we serve

Why Manufacturing Clients Choose Us

“Smith Schafer is always looking out for our best interest, and we have developed a very trusting and personal relationship. They are patient and forthcoming when dealing with my questions or concerns. Smith Schafer is a solid choice for our company.”

– Novak Hydraulics & Machining

“The interactions I have had personally with Smith Schafer professionals have always been fantastic and other employees within my company have had the same experience.”

– LitinPak

“We have been looking for an accountant that could understand what we do. We found them!”

– Trax Automation

“Trusting relationship. Smith Schafer understands the needs of our business.”

– Innovative Tools & Technologies

Manufacturing Industry Resources

Minnesota Manufacturers Survey Key Highlights

A recently issued report by Enterprise Minnesota, State of Manufacturing, offers this important information. The study surveyed over 400 Minnesota manufacturers to uncover key challenges and issues.

Tax Saving Opportunities for the Manufacturing Industry

As the pandemic comes to an end, manufacturing businesses have faced many issues. On top of inflation, finding employees and continued supply chain issues, another year of preparing for the potential tax burden is upon each business.

Manufacturers: Importance of Buy-sell Agreements

Creating and operating a business usually starts with a great idea, capital investment by one or multiple owners, and hard work. While the main focus of an owner should be on day-to-day operations, there are always items that should be in the back of their mind for events down the road.