Industries · Manufacturing & Distribution

Manufacturing & Distribution Audit, Tax & Accounting Services

Audits, cost accounting and tax for manufacturers, distributors and suppliers.

Manufacturing & Distribution

Audits, cost accounting and tax for manufacturers, distributors and suppliers

Greywood CPA provides audits, reviews, inventory and cost accounting, controller services and tax planning for manufacturers, distributors and industrial suppliers. We are a licensed CPA firm (Virginia Board of Accountancy firm license #134961) working nationwide, at a fixed fee.

Banks lend against your receivables and inventory, and large customers check your financial health before they buy. Both depend on statements that get inventory, costing and margins right.

Last reviewed: November 2026

Manufacturing audit, tax and accounting services

Each service has its own page with requirements, what we test, timelines and FAQs.

Supplier qualification audits

Large customers check working capital, debt and profit trends before they sign, and often ask for audited or reviewed statements.

Full details: Supplier qualification audits →

Audits for bank lines of credit

Loan agreements require CPA statements within 90 to 120 days of year-end, plus covenant certificates and borrowing base reporting.

Full details: Audits for bank lines of credit →

Inventory observation & product costing

Auditors generally attend material inventory counts. Costing, overhead absorption and obsolescence reserves drive most adjustments.

Full details: Inventory observation & product costing →

Manufacturing controller services

Controller-level close, margin by product and customer, cash forecasting and borrowing base reporting at a fixed monthly fee.

Full details: Manufacturing controller services →

Manufacturing tax planning

Economic nexus since Wayfair, research credits for product and process work, equipment depreciation and IC-DISC for exporters.

Full details: Manufacturing tax planning →

Which service do you need?

Who is askingUsually requires
Large customer onboardingAudited or reviewed statements
Bank line or asset-based loanAudit or review per the loan agreement
Year-end inventory countCount planning and costing review
Margins and close unclearOutsourced controller
Selling into many statesSales tax nexus review

How an engagement works

  1. Scoping callDay 1

    A 30-minute call about your organization, who needs the report and your deadline.

  2. Fixed-fee proposalWithin 1–3 business days

    Scope, report type, timeline and one fixed fee, in writing.

  3. One request listWeek 1

    Everything we need, uploaded through a secure portal.

  4. Fieldwork and draftSet in your proposal

    Remote testing, then a draft for your review.

  5. Signed reportOn or before the agreed date

    A CPA partner signs, and we walk you or your board through the results.

Why manufacturers and distributors choose Greywood CPA

  • Fixed fee, agreed first. No hourly billing and no surprise invoices.
  • Senior people on your file. Every engagement is led by a senior professional and signed off by a CPA partner. Meet the team.
  • Licensed and registered. Virginia Board of Accountancy firm license #134961, AICPA member, with out-of-state registrations where required. See our credentials.

Manufacturing FAQs

Why do customers ask for our financial statements?

To confirm you can fund production and stay in business for the length of the contract.

Does our auditor need to attend the inventory count?

When inventory is material, auditors generally must attend the count or test your cycle count program.

Do we owe sales tax in states without an office?

Possibly, once your sales pass that state's economic nexus threshold.

How do your fees work?

We quote one fixed fee in writing before any work starts, based on your size, inventory and locations.

Do you work outside Virginia?

Yes, nationwide, with on-site visits for inventory counts where needed.

Bank, customer or year-end deadline coming?

Tell us what you need. A senior CPA will send a fixed-fee proposal within 1–3 business days.