Product and Service Costing | Leigh Lawry Accountancy - Cowbridge

Product and Service Costing

Product and Service Costing is about knowing your cost structure and how much to charge in order to make a profit is essential if you are to remain in business. From hourly charge rates to submitting tenders, the impact of getting your costs wrong can be disastrous!

We work with our clients to map exactly where every penny of your money is spent and how this determines the minimum price you should charge. In addition, we also work with you to identify costly areas of the business and implement business improvement programmes to further reduce costs, so enhancing your profitability and competitiveness even more.

Challenge:

Many businesses sell a product or service at a price they believe to be profitable. However, this price doesn’t always cover all the costs their business faces. As a result, their business is making a loss and they don’t know why.

Solution:

We come to your site and review your end to end process for a particular product or service. We then produce a comprehensive report detailing the cost structure of your product/service, highlighting areas where costs can be removed and profits increased. Our report also offers recommendations on other areas of the business where excess waste has been identified or opportunities for improvement exist.

Benefits:

  • Better understanding of your cost structure
  • Ability to streamline processes, reduce costs, improve profit
  • Better workflow information
  • Capacity constraints and bottleneck identification
  • Ability to prioritise improvement projects

Get in touch and start making money not loosing it.