Overcoming Financial Statement Challenges in the CPG Industry

From the typical marketing spend to metrics VCs use to analyze investment opportunities, we know what it takes to get to the next level. Our mission at Miyares Group is to empower professionals as well as companies in achieving financial prosperity. We offer specialized financial solutions that are catered to your particular needs since we recognize that every person’s financial position is different. Miyares Group CFO/Controller services let you manage your Car Dealership Accounting finances and improve your company.

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Then, we dive into inventory management tools, cost accounting methods, and automated procurement systems. These systems automate the process of tracking every cost involved in production, from raw materials to logistics. In CPG, your cost of goods sold isn’t just an accounting line — it’s a constantly shifting target. Raw material prices, packaging, storage, and transportation costs can fluctuate from week to week. I’ve seen brands struggle to maintain profitability because they didn’t have accurate, real-time insight into their COGS. If you don’t know your true production costs, it’s tough to price your products right and protect your margins.

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Keep reading to learn the ins and outs of why partnering with a CPG accounting expert is nonnegotiable. Founder & CEO Vanessa Kruze is a CPA, Deloitte Tax alumni, and former Controller of a 120+ FTE startup. Kruze COO Scott Orn is a Kellogg MBA, former VC Partner and investment banker. Our FP&A team helps our clients prepare budgets and projections for fund raises and is lead by a former venture capitalists and operating executive. Our Staff Accountants and Controllers come from the Big 4 and top venture capital backed startups. Employing periodic budget variance analyses, we help you understand and adjust for any financial discrepancies.

• As they typically work with anywhere from three or four clients to up to eight clients, their pricing model needs to reflect not only the value they provide but also the time they can allocate to each client.
• Our Staff Accountants and Controllers come from the Big 4 and top venture capital backed startups.
• Financial modeling seems like a daunting task, particularly if the finance side of entrepreneurship isn’t your strong suit.
• Some industries, such as biotechnology or technology hardware manufacturing, have unique capital and cash flow needs.
• Our nearshore outsourcing and managed services ensure effective implementation and access to top digital capabilities and talent.
• Many traditional lenders don’t fully understand the long payment cycles and cash flow challenges CPG businesses face.

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These questions are centered on good behaviors in tracking the cash flow of a CPG business. I would highly recommend CP Accounting and taxes to anyone looking for a tax accountant. They are incredibly knowledgeable and efficient, and they always go the extra mile to make sure their clients are satisfied.

Achieve your greatest potential in an environment that offers professional growth, caring leadership and collaborative teamwork in pursuit of a genuinely rewarding career. Get in touch today if you’re ready to take your CPG business to the next level. For a plant-based food company, I’d bolster your pricing strategy by analyzing competitor pricing and customer preferences. Together, we’d develop a pricing structure that balances competitive pricing with healthy profit margins, helping you stay profitable and competitive. Get in touch with us to set up a private and personal consultation, or use the contact form at the bottom of this page to enquire whether our services are right for you.

• To achieve financial success, we at Miyares Group believe you must develop a complete plan that considers both your short- and long-term financial goals.
• Companies that want to develop best-in-class departments can take strides by asking the right questions and taking care to work their way to the right answers.
• Similarly, CPG companies may also face impairment issues related to their inventory.
• Effective inventory management is critical for CPG businesses due to the perishable nature of many products.
• The real value of working with a CPG-focused accountant is the ability to anticipate challenges before they become obstacles by leveraging deep industry knowledge and a network of CPG-savvy contacts.
• By carefully selecting the right candidate, you can benefit from their expertise and guidance without the cost of a full-time employee.

• He specializes in federal and state tax compliance and financial reporting and guidance that has helped businesses to reach their financial goals.
• We are devoted to being a trusted partner for our clients and have a team of professionals with expertise in a range of sectors.
• If your startup operates in a specialty industry, you may need a specialist.
• Our qualified staff members excel at providing each of our clients with customized financial solutions.
• The brand thought it could revolutionize the beverage market; however, it backfired.
• Dimov Tax Specialists comprises CPAs serving individuals, business owners, and corporations in Miami.

In this article, we will explore these mistakes and emphasize the importance of accurate and timely accounting. Our financial accounting and consulting services can assist both individuals and businesses in reaching their financial objectives. Our qualified staff members excel at providing each of our clients with customized financial solutions.

• Verdeja, De Armas & Trujillo, LLP, which is located in Coral Gables, takes care of the accounting needs of business owners in Miami.
• Auxis has redefined consulting since 1997, offering a distinct alternative to the traditional business model.
• We could also explore alternative financing options such as invoice factoring or lines of credit, giving you quick access to cash to cover operational costs without slowing growth.
• Your business success should create lasting security for you and your family.

We feel honored to be a part of making the world a better place, even if it’s one debit and credit at a time. Fast growing CPG companies should have specialized accounting help to deal with complex issues related to inventory, BOMs, gross vs net revenues and more. Founders of healthcare startups deserve an accountant who has seen the healthcare startup journey more than once and who can offer valuable guidance and advice. Proven track record of delivering exceptional bookkeeping financial services to a diverse range of businesses and industries. Our audit and assurance services thoroughly examine your income reports and internal controls to guarantee compliance with industry standards and laws. To tackle this problem, you need good accounting software or a professional service.

Unlike companies with overseas staff, The Opal Group offers personalized, local expertise to address your specific back office outsourcing needs. So, CPG accounting is all about tracking product costs, managing inventory, and making sure all financials are in order. You can think of CPG accounting as cpg accounting a roadmap that can help you track production and distribution costs.