Reckon for Manufacturing Companies
What Is Reckon for Manufacturing Companies Accounting?
Reckon for Manufacturing Companies accounting means running your manufacturing bookkeeping in Reckon, with jobs, categories and custom fields for each product line and production run. Since 2011, Cred Books has paired factories, batch producers, assembly plants and fabricators across Australia and New Zealand with a Reckon Accredited Partner and a dedicated Reckon certified accountant.
We set up Reckon One, Reckon Accounts Hosted or Reckon Accounts Desktop for Bill of Materials accounting, Work in Progress capitalization, direct labor overhead allocation and landed costs, then handle every BAS lodgement. Need another sector? We can also outsource Reckon accounting services.
Untracked scrap, stale WIP values and unallocated overheads are how manufacturing books break. Through outsourced accounting for manufacturing companies, we fix them at the source.
How Reckon Handles Bills of Materials, WIP and Overheads
For manufacturing accounting, we track scrap and variances, allocate plant overheads, treat imported materials and GST correctly, and prepare audit proof workpapers with depreciation schedules.
We connect Reckon with Katana, MRPeasy, Fishbowl, Cin7 and Unleashed, so purchase orders, stock, labor and supplier bills run through one workflow.
What our Reckon setup includes:
- Product line and production run profit and loss reporting in Reckon
- Bill of Materials costing with material, labor and overhead
- Work in Progress and finished goods valuation each month
- Integration with Katana, MRPeasy, Fishbowl and Unleashed
- BAS lodgement, GST and STP Phase 2 filings with audit ready workpapers
Trusted by over 1,000 clients worldwide, Cred Books delivers monthly reporting packets, profit and loss statements, cash flow projections and year end audit files.
Our Reckon Services for Manufacturing Companies and Plants
Every service below runs inside your Reckon file, so BOM costs, WIP values and plant overheads stay accurate.
Product Line Costing
Jobs and categories capture material, labor and overhead for each product line, so true unit cost is clear in Reckon.
Bill of Materials Accounting
Component costs are rolled into finished goods using your BOM, with price and usage variances reported monthly. This work sits within our Outsource Account Reconciliation Services for Manufacturing Businesses.
Work in Progress Valuation
Open production runs are valued each month so unfinished goods are not expensed too early or overstated.
Direct Labor and Overhead Allocation
Wages, utilities, rent and maintenance are allocated to production using drivers you agree with us.
Scrap and Variance Tracking
Scrap, yield loss and standard cost variances are recorded and explained, so waste is visible to production leads. Need a full return? We offer Manufacturing Tax Return Filing Services too.
Raw Material and Supplier Payables
Purchase orders, freight and duty are matched to receipts and bills, then coded to stock before payment.
Financial Reporting for Owners
Monthly packs show margin by product, inventory days, plant utilisation and cash flow for owners and plant managers.
Payroll and STP Phase 2
Production staff, shift workers and contractors are paid in Reckon Payroll with super and Single Touch Payroll filed on time. We also prepare management packs through our Manufacturing Financial Reporting Services.
BAS and GST Compliance
GST on materials, imports and sales is reconciled and each BAS lodgement is prepared and reviewed before filing. Our Manufacturing Payroll Processing Services cover pay runs, filings and cost allocation.
Software Expertise
Cred Books vs In House Reckon Accounting: Which Suits Your Plant?
Outsourcing suits factory owners who want rigorous costing without hiring a finance team. We also offer Offshore Manufacturing Accounting Services.
| Factor | In house team | Cred Books (Reckon for Manufacturing Companies) |
|---|---|---|
| Cost | Salary, benefits, software and training | Accounting costs reduced by 40% to 60% |
| Reckon expertise | Depends on one or two staff members | Reckon Accredited Partner and Reckon certified accountant on every account |
| Manufacturing knowledge | Generalist staff often expense production costs as they are paid | BOM costing, WIP and overhead allocation handled to a manufacturing checklist |
| Reporting delivery | Product margin reports are late and based on estimates | Monthly product and plant reports delivered on an agreed schedule |
| Production growth | New lines and shifts add costing complexity | Scale production without adding back office headcount |
| Coverage | Business hours, with gaps during leave | Dedicated team with trained backup |
| Audit readiness | Depends on the individual | Audit ready books with documented workpapers |
Why Manufacturing Companies Choose Cred Books for Reckon
Cred Books has served more than 1,000 clients since 2011. These are the reasons manufacturers stay with us.
Reckon Accredited Partner
Every client is paired with an experienced Reckon Accredited Partner and a dedicated Reckon certified accountant who set up, review and run the Reckon file.
Manufacturing Accounting Specialists
Our team knows BOM costing, WIP valuation, overhead allocation and variance tracking inside Reckon.
Over 15 Years of Experience
Cred Books has been operating since 2011 and has refined its manufacturing company accounting checklists on real files across several countries.
In House Team of 100+
More than 100 in house certified accounting professionals means cover for leave, peak periods and growth. No freelancers and no handoffs to strangers.
Cost Accuracy
Material, labor and overhead are traced to each product, so pricing and profit decisions rest on real numbers.
Lower Accounting Costs
Clients cut back office accounting costs by 40% to 60% without lowering quality, because they pay for expertise instead of desks and recruitment.
Which Manufacturing Companies Benefit Most from Reckon?
These manufacturers see the biggest gains when Cred Books runs their Reckon file.
Food and Beverage Producers
Batch costing, yield and shelf life tracked by product.
Metal and Plastics Fabricators
Job based costing, tooling and scrap tracked clearly.
Assembly Plants
Component costs and labor rolled into finished goods.
Custom and Made to Order Makers
Quotes, deposits and job costs tracked per order.
Industrial Suppliers
Raw materials, freight and duty allocated to stock cost. See our Year End Accounting Services For Manufacturing Businesses for closing the books cleanly.
Cost Conscious Manufacturers
Cut back office costs by 40% to 60% without lowering quality.
Our Reckon Setup Process for Manufacturing Companies and Plants
A five step onboarding process that moves your factory books into Reckon without interrupting production.
Reckon File and Cost Review
We review your Reckon file, stock values, current costing method and open production runs.
Products, Jobs and Accounts Setup
We set up jobs, categories, custom fields and ledger rules for each product line and cost pool.
Production Software Integration
We connect Katana, MRPeasy, Fishbowl or your stock system so production data reaches Reckon.
Daily Bookkeeping and Reconciliations
We code transactions, reconcile bank and supplier accounts and chase missing receipts.
Monthly Cost and BAS Reporting
We deliver cost reports, WIP schedules and your BAS lodgement.
Related Services for Manufacturing Companies and Plants
Frequently Asked Questions
Which Reckon products do you support for manufacturing companies?
We support Reckon One, Reckon Accounts Hosted, Reckon Accounts Desktop and Reckon APS, and we recommend the one that fits your production volume and reporting needs.
How do you handle Bill of Materials accounting in Reckon?
We build product costs from your BOM using material, labor and overhead, record variances against standard cost and report margin for each product line.
Can you manage Work in Progress capitalization?
Yes. We value open production runs each month, move costs between WIP and finished goods, and reconcile the schedule to the ledger.
How are plant overheads allocated?
We pool utilities, rent, maintenance and indirect labor, then allocate them to products using drivers such as machine hours or direct labor.
Do you integrate Reckon with Katana and MRPeasy?
Yes. We connect Reckon with Katana, MRPeasy, Fishbowl, Cin7 and Unleashed so purchase orders, stock and production costs reach the ledger cleanly.
How do you track scrap and variances?
We record scrap, yield loss and price and usage variances in separate accounts, then report them monthly to production and finance leads.
Do you process payroll and Single Touch Payroll for factory staff?
Yes. We run pay cycles in Reckon Payroll, apply shift allowances, calculate super and file Single Touch Payroll STP Phase 2 data after each pay run.
What is a Reckon Accredited Partner?
A Reckon Accredited Partner is an accounting firm or professional recognised for its training and experience with Reckon products. At Cred Books, every manufacturing company client gets an experienced Reckon Accredited Partner, plus a dedicated Reckon certified accountant who handles the daily work.
How much can outsourcing Reckon accounting save a manufacturing company?
Cred Books clients typically reduce back office accounting costs by 40% to 60% compared with running the same work in house. The saving comes from skipping salaries, benefits, software training and recruitment, while still getting certified accountants and a monthly review of every file.
How long does it take to move a manufacturing company to Reckon?
Most Reckon onboarding handled by Cred Books takes between 3 and 7 business days. The timeline depends on how much history you bring across, the number of locations or entities, and how clean your existing records are.
Is Reckon or Xero better for a manufacturing company?
Xero suits smaller workshops that want a simple cloud tool. Reckon suits Australian and New Zealand manufacturers that want strong BAS and GST handling, desktop or hosted options and job based reporting, often paired with a stock app. Cred Books supports both and can advise on the best fit.
Why choose Cred Books for Reckon for Manufacturing Companies?
Cred Books has run outsourced accounting since 2011, with more than 100 in house certified accountants and over 1,000 clients worldwide. You get a named Reckon Accredited Partner, a Reckon certified accountant, a monthly senior review and manufacturing company specific checklists rather than a generic bookkeeping service.