Manufacturing

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

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.

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specialized manufacturing industry services

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Financial Statement Preparation

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Accounting Services

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Proactive Tax Planning

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Bookkeeping & Payroll

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QuickBooks ProAdvisor Services

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Buying & Selling

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Budgeting & Cash Flow Analysis

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Projections & Financial Analysis

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401(k) and 403 (b) Plan Audits

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Job Costing & Burden Rates

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Retirement Plan Consulting

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Business Valuation

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Technology Consulting

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

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

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Manufacturing Industry Resources

10 FAQs: Accounting for PPP Loans and Forgiveness

Reading Time: 4 minutes Under the Paycheck Protection Program (PPP), the federal government authorizes up to $349 billion in forgivable loans to small businesses during the COVID-19 crisis. Small businesses are receiving loans, and many have questions on how to account for the funds, expenses, and forgiveness in their accounting records.

SBA Guidance on PPP Loan Forgiveness

Reading Time: 2 minutes On Friday the SBA issued its Interim Final Rule (IFR) on Loan Forgiveness for Paycheck Protection Loans. While the IFR largely mirrors the Loan Forgiveness Application Form released the prior Friday, a few additional items of note were included in the IFR.

What is a Buy Sell Agreement?

Reading Time: 2 minutes There are several reasons why a business should have a buy sell agreement. A buy sell agreement governs what happens in certain situations when a company is owned jointly with others.