SERVICES

Product Costing and Service Costing:

Product and Service Costing is the process of setting realistic cost standards for all products produced or services provided. Standard costs are budgeted costs that identify the value of the resources used in a specified product or service. Product and Service Costing is an important function that needs to be performed. This step ensures your understanding of the costs incurred, and how those costs affect the profitability of your company.

• Standard Costing
• Service Process Costing
• Cost Allocation
• Activity-Based Costing
• Life Cycle Costing
• Cost Analysis
• Job Order Costing

Cost Effectiveness:

Do the benefits of providing a service or product outweigh the costs? How efficient is a particular process? Which is the most cost effective method of doing a job? In order to stay competitive and profitable in Kelowna, all of these questions need to be asked and answered in the every-day running of your business.

• Cost-Benefit Analysis
• Efficiency Analysis
• Cost-Effectiveness Analysis

Analysis:

Analysis is very likely required in many areas of your business; whether you want to improve efficiencies, save on costs, understand variances, determine the most cost-effective approach, document a process, decide whether to outsource, or determine whether a product is profitable. All of these procedures necessitate analysis.

• Comparative Cost Analysis
• Variance Analysis
• Product Profitability Analysis
• Outsourcing Analysis
• Process Analysis
• Sales Rate and Volume Analysis
• Time and Motion Study
• Customer Profitability Analysis
• Cost-Volume-Profit Analysis

Project Costing:

Whether you are starting a new business, opening a new location, or having a project come online, it is important, through both the planning and the implementation stages, to be aware of the material, labour, and overhead costs associated with your new venture in order to ensure its profitability.

• New Business Cost Accounting
• New Location Cost Accounting
• Other Project Costing

Inventory Control:

Inventory is money sitting on your shelves. Typically, inventory has a large dollar value. It exists so that you can give your customers the best service possible by having what you need when you need it. For these reasons, it is extremely important to keep track of the inventory you have on hand, plan for your future needs, and ensure that what you have on the shelves matches what is recorded in your inventory system.

• Inventory Tracking
• Inventory Planning
• Inventory Reconciliation

Bookkeeping & Controller Services:

We are two designated accountants, Tracy Wright, CMA, and Michelle Duford, CGA.    We work with small and medium sized businesses.  Our goal is to work with business owners to ensure that they have the accounting assistance that they need.  We offer a wide variety of financial tools including bookkeeping, controller services, and QuickBooks advisor services.

Depending your needs you may work with Tracy, Michelle or with one of our bookkeepers.  Call for an assessment and we will find a solution that works for you.  You can also check out our website.