Industries · Manufacturing
Virtual CFO and accounting for manufacturing companies
In manufacturing, the money is made or lost in costing, inventory and working capital long before it shows up in the P&L. We run the books, the stock and the numbers your bank watches, and give you a CFO’s view of which products and customers actually pay.
What’s different here
Why a manufacturer’s finance function has to work harder.
Your margin lives in the costing, not the P&L
A manufacturer’s real margin is set by the bill of materials, yield, scrap and how overheads are absorbed into each product. When the costing sheet was built three years and two price rises ago, every quote since has been priced on a guess. The P&L only shows the damage in total, months later.
Cash is tied up in three places at once
Raw material in the store, work in progress on the floor and finished goods waiting for dispatch — then debtors on 60 to 90 days from large buyers. Growth makes it worse, not better: every extra order needs more working capital before it produces any cash.
The bank watches your numbers monthly
Cash-credit and overdraft limits are usually tied to drawing power, calculated from the stock and book-debt statement you submit each month. A late or inconsistent statement, or books that don’t agree with it at year-end, is how a renewal turns into a difficult conversation.
GST follows the goods everywhere they go
E-way bills on every movement above the limit, the ITC-04 return for goods sent to job workers, input credit on capital goods, and e-invoicing once turnover crosses ₹5 crore. Each is simple on its own; together they are a monthly discipline that small finance teams struggle to keep.
What we run for you
The finance function a plant needs, run every month.
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01
Product costing you can quote from
Standard costs per product from your BOM, actual yield and scrap, and a sensible overhead absorption rate, reconciled to the books every month so the costing sheet and the P&L tell the same story.
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02
Inventory that agrees with the floor
Raw material, WIP and finished goods valued consistently, periodic physical counts reconciled to the ledger, and slow-moving stock flagged before it becomes a write-off.
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03
Drawing-power statements on time
The monthly stock and book-debt statement for your bank, prepared from the same closed books as your MIS, plus the projections and CMA data your lender asks for at renewal. Where the bank wants a CA’s certificate, your CA signs; we prepare.
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04
Working capital as one number
Inventory days, debtor days and creditor days tracked together as your cash conversion cycle, with a monthly view of which customer, product or supplier is stretching it.
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05
Margin by product and by customer
Contribution margin split the way your business actually runs, so you can see which products and which large buyers make money after freight, discounts and credit terms.
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06
GST and TDS to the due date
Returns, GSTR-2B reconciliation, e-way bill and ITC-04 support, and TDS on contractors and job workers — reconciled before filing rather than corrected after a notice.
OFS is not a firm of chartered accountants. We prepare, reconcile, forecast and report; audit, certification and representation before the authorities stay with your own CA.
Free tools for manufacturing
Manufacturing — questions we get asked
Do you offer virtual CFO services for manufacturing companies?
Yes. Manufacturing is one of the sectors where a virtual CFO adds the most, because the money is made or lost in costing, inventory and working capital rather than in the headline P&L. We run the accounting underneath and add forecasting, product margin analysis and lender reporting on top, for manufacturers anywhere in India.
Can you work with our existing ERP or Tally setup?
Yes. We work in the system you already use — Tally, Zoho Books, or the accounting module of your ERP — and adapt the chart of accounts and inventory masters only where the current setup stops you seeing product-level cost. We don’t make you migrate to suit us.
Do you prepare stock statements and CMA data for the bank?
We prepare them from your closed books: the monthly stock and book-debt statement for drawing power, and the projections and CMA data for limit renewals or enhancements. Where your bank requires a certificate from a chartered accountant, that stays with your own CA — we are not a CA firm and don’t certify.
How do you handle job work under GST?
We track inputs and capital goods sent to and received back from job workers, reconcile them to the challans, and prepare the ITC-04 return. Goods that stay with a job worker beyond the permitted period are flagged before they turn into a deemed supply.
What does this cost for a manufacturer?
Our published retainers start at ₹45,000 a month for outsourced accounting and ₹90,000 a month for a virtual CFO engagement that includes the accounting underneath. Manufacturing fees depend mostly on transaction volume, the number of plants and GSTINs, and how much inventory costing work is needed. We quote a fixed monthly fee after a short scoping call.
Serving businesses across India
Bring us one product’s costing sheet.
On a 30-minute call we’ll walk through how one product is costed today and show you where the number is likely to be wrong. No cost and no obligation.
Delivered within 24 working hours, or next month is on us. 24 working hours from the moment we have your complete data. The clock runs Monday to Saturday and pauses on Sundays and public holidays. Terms