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Best accounting software for manufacturing companies
Track production costs and inventory levels
FreshBooks helps manufacturing companies track production costs and inventory levels to ensure profitability. You can easily monitor expenses for raw materials, labor, and overhead and maintain optimal inventory levels with integrated accounting systems to avoid shortages or excess stock.
Simplify raw material and supply management
With FreshBooks, efficiently manage your sales orders, raw materials, and supply chain. The software allows you to track orders, manage supplier information, and monitor stock levels, ensuring you always have the necessary materials for production. These features are tailored to meet the unique needs of a manufacturing business, ensuring efficiency and effectiveness in supply management.
Manage client billing for custom orders
FreshBooks, as a cloud accounting software, simplifies client billing for custom orders, allowing you to create detailed invoices that include all production costs, labor, and materials. Automated payment reminders ensure timely payments and improve cash flow.
Streamline expense tracking for factory operations
FreshBooks, as a manufacturing accounting system, streamline accounting processes and expense tracking for factory operations by helping you categorize expenses, track payments, and generate financial reports. This simplifies your financial management and helps in making informed business decisions.
Improve financial reporting for production insights
Generate detailed financial reports with FreshBooks to gain valuable production insights. Track key metrics like production costs, sales data, and profitability to make data-driven decisions and optimize your manufacturing processes.
FreshBooks Accounting Software Testimonial Videos
All the features you will need for your manufacturing business
Automate production finances & minimize errors
FreshBooks’ automation features, including inventory tracking, expense categorization, and financial reports, help reduce manual errors and streamline financial tasks for manufacturers. This efficiency allows you to focus more on production and less on time-consuming administrative work.
Streamline order billing and payment processing
FreshBooks simplifies the invoicing and payment process for manufacturing businesses with customizable invoices, online payment options, and automated payment reminders. These tools help you get paid faster and improve cash flow, ensuring financial stability for your operations.
Gain real-time insights into production profitability
FreshBooks provides manufacturers with real-time financial insights through features like production cost reports, inventory tracking, and income overviews. These insights enable you to make informed decisions and optimize your financial performance.
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Free vs. FreshBooks manufacturing accounting software
Free accounting software may seem appealing, but it often lacks the robust features growing manufacturing businesses need. FreshBooks accounting software for manufacturing businesses offers advanced tools like inventory management, project costing, and detailed reporting, which free software usually misses.
FreshBooks can track raw materials, work-in-progress, and finished goods, providing real-time insights into your inventory levels, quality control, and production costs. This helps in making informed decisions, unlike free software that offers only basic bookkeeping.
FreshBooks makes my life so much easier. I wish I had this when I first started my business!”
Why manufacturing companies choose FreshBooks. The reviews say it all
Accounting apps & integrations for manufacturers
FreshBooks integrates with 100+ apps, giving you greater control over your manufacturing company’s accounting and allowing you to customize your FreshBooks experience to fit your specific needs.
Support that actually supports you 💙
- Help From Start to Finish: Our Support team is highly knowledgeable and never transfers you to another department.
- 4.8/5.0 Star Reviews: Yup, that’s our Support team approval rating across 120,000+ reviews
- Global Support: We’ve got over 100 Support staff working across North America and Europe
Accounting software by industry
Feeling overwhelmed by bookkeeping? FreshBooks offers industry-specific accounting software that simplifies finances and boosts efficiency, letting you focus on what truly matters. Visit our industry pages below to learn how FreshBooks can fulfill all your accounting needs!
Trades and Home Services
Creative Professionals
Specific Professions
Specialized Industries
Online and Digital Services
Resources to support manufacturers
What Is Burden Cost in Manufacturing and Why You Should Calculate It
How to Calculate Manufacturing Overhead Costs
5 Best Manufacturing Inventory Management Software
Frequently asked questions
The best accounting software for a manufacturing company streamlines cost tracking, inventory management, and financial reporting. FreshBooks simplifies these tasks, providing real-time insights and automation to help you manage your finances efficiently.
Manufacturing typically uses cost accounting to track production expenses, along with financial accounting for overall financial health. FreshBooks supports both by helping you monitor expenses, manage inventory, and generate detailed financial reports.
Manufacturing accounting can be complex, but FreshBooks simplifies the process with automated tools for inventory tracking, expense categorization, and financial reporting, making it easier to manage your accounts.
A cost accounting system tracks all costs associated with production. FreshBooks helps manufacturing businesses monitor these expenses, manage inventory, and generate reports to understand the cost of production and improve profitability.
Maintaining accounts for a manufacturing company involves tracking income and expenses, making FreshBooks a popular cloud financial solution for managing inventory, and generating financial reports. FreshBooks automates these tasks, helping you keep accurate records and gain insights into your business’s financial performance.
