Manufacturer Accountants

Unpicking the Manufacturing Process

What Happens Next

The first consideration is to ensure that you are tracking everything properly. We will get you started on accounting software that will make this easier than it seems.

These are the areas of focus:

• All transactions, including sales, purchases and loans should be recorded and categorized into the correct ledgers.
• Establish a clear picture of assets and liabilities and any given point in time.
• Clarify the cashflow fluidity
• Inventory tracking

Inventory Tracking & Costing

As you will know inventory tracking is unique to the manufacturing business and extremely complex. You are required to account for every stage of the process, from raw materials and supplies, to partially-manufactured items and finished products in your inventory. However, without stringent tracking on these resources and labour, your costing of the final product could be wildly off the mark. All of which could be stacking up bigger problems to face down the line, particularly if you are underselling.

What makes us different?

When your business grows, we develop around you with a range of services you might need.

Changing suppliers is not something you want to be doing too often. We worked hard to be a single point of contact for everything you might need, and by sharing our resources across multiple companies, we make it cost-effective for you to get some more business and finance skills around you.

There is a big difference between people who do the work for you and those who mainly count things afterwards.

This value is what makes us different.

Accounting for Electricians

We are well-versed in the business of running a construction-related business, and we can do much more for you. This efficiency means the time you save can be spent on more profitable work.

ELECTRICIAN ACCOUNTANTS >>

Finance Team for Electricians

Our finance team has expert-level supervision and reporting built in. As a virtual accounting and finance department, those people can be around for as little or as much time as you need.

ELECTRICIAN FINANCE TEAM >>

Finance Director for Electricians

Our part-time Finance Directors are available for those strategy discussions and big decisions. We are real-world business people and always enjoy conversations to make the future happen.

ELECTRICIAN FINANCE DIRECTOR >>

Why Accurox?

“Accurox have been great in helping Kent Site Consultants get to grips with CIS. We’d never felt confident that we were doing the right thing as it’s an extremely complicated system and it always felt like a huge responsibility. Naveed was able to explain the whole thing to us and get us sorted out for once and for all. We feel confident now that we are doing it the right way and doing the right thing by our subbies. It’s a huge relief and we can’t thank Naveed and the team at Accurox enough. If you’re looking for an accountant that understands CIS and construction businesses, Accurox is the best one out there!”

Keith Fraser
Kent Fire Consultants

Meet the Team

Naveed has a passion for helping small business owners. He has worked with them all his life and has a unique insight into their challenges. He thrives on helping businesses overcome mental barriers to achieve high levels of success. Using the following 5 values:

• Focus on the customer
• Embrace Innovation
• Collaborate
• Be proactive
• Continuously work to improve

Naveed has applied these values to his own business. He always says he talked himself out of his last job! When he realised that if wanted to achieve his true earning potential then he would have to set up his own business. However, he is the first to admit that the reality came as a shock. To summarise, he learnt that as well as being an excellent accountant, running his own business meant he had to learn to sell, collect a payment and pay the suppliers. Furthermore, he also had to deliver a first-class service to his clients! Consequently, Naveed knows the challenges any business owner faces.

Naveed Mughal

Founder of Accurox

Qualified Accountant and holds a Master’s degree from Cardiff University.

Established his own accounting practice in 2018 and has an office in the UK, Dubai and Pakistan. Enjoys travelling, football and cricket in his spare time. Volunteers for an International Disaster Relief Charity.

Listed as one of the “top 10 UK Digital Accountants” in 2020.

Brendan Roodt

Legal Counsel

A lawyer specialising in corporate finance and major commercial projects for clients who are mainly owner managed. He is a trouble-shooter, identifying and solving legal and business. challenges. He has been legal counsel on buyer- and seller-side accountancy practice deals and has worked on buyer- and seller-side deals for an aggregator in a related professional services sector.

Kevin Ronaldson

Non-Exec-Chair

Kevin is an experienced executive and entrepreneur with a track record of building significant value from new and current businesses. He established Intrinsic Financial Services and Bell Penny, pursuing a similar strategy to Accurox but in the IFA sector, he raised over £25m and grew the businesses to over 300 employees over a three-year period with an annual turnover of over £100m and funds under management of over £3bn.

Meet the Team