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.
Our Client Survey Results
- Net Promoter Score83.9%83.9%
Average NPS score in the accounting industry – 38%
- Understanding of Client Needs92%92%
- Delivers High-quality, Error-free Work94%94%
We understand the industry and what keeps you up at night
Shortage on Materials & Parts
Planning for growth & expansion
Staying in Compliance with laws & regulations
Cash flow & Forecasting
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.
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.”
“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
4 Manufacturing Industry Issues & Trends for 2022
The manufacturing industry continues to grow, even with labor and supply chain challenges. According to the May 2022 Manufacturing ISM Report, the US manufacturing sector’s economic activity grew for the 24th consecutive month
Metrics & Benchmarking for Manufacturing Companies
Due to the disruption in the global markets and forced shutdowns, the COVID-19 pandemic has led to conditions that negatively affected most manufacturers. Noticeable effects of the pandemic include weak commodity prices, trade tensions, and restrictions, such as with Canada.
5 Tax Deductions & Credits for Manufacturers
Many of the activities that manufacturing companies participate in may qualify them for tax credits and deductions.
STAY IN-TUNE WITH CURRENT BUSINESS, INDUSTRY, ACCOUNTING AND TAX NEWS.
Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.