Factory Accountants For Factory Leaders
Expert factory accountants helping UK manufacturers master product costing, production budgeting & profit control. On-site, hands-on analysis.
Control Your Costs. Protect Your Margins. Scale with Confidence.
Product Cost and Production Budgeting
At Skynet Accounting, we specialise in helping manufacturing leaders take full control of their factory’s financial performance.
We fix the heart of your operation. Your product cost structure and production budgeting framework so you make decisions based on facts, not assumptions.
We go beyond traditional accounting. We analyse, calculate, and optimise your true cost per product and design a production budget that connects directly to your financial statements.
Our Product Costing & Production Budgeting service is hands-on and bespoke.
We visit your factory for a minimum of 3 days to complete a full analysis with zero disruption to your operations.
Why Product Costing Matters?
In manufacturing, not knowing your exact cost per product is like running your factory blindfolded. Every decision becomes a gamble and the stakes are your margins, your competitiveness, and ultimately your business survival.
Guesswork costs money.
It leads to:
- Under-pricing → eating away at margins without realising.
- Over-pricing → losing market share before you even quote.
- Silent profit leakage → hidden costs slipping through month after month.
At Skynet Accounting, we calculate your true cost per unit or batch, cost per product by analysing every cost driver in your production process:
- Bill of Materials (BOM) – Every component, every gram, every reel of raw material.
- Labour Costs – Real-time tracking of hours, skill allocation, and efficiency rates.
- Machine Hours – The full cost of run time, downtime, and changeovers.
- Overhead Allocation – Utilities, rent, depreciation, and all indirect factory costs.
Armed with this data, you can:
✅ Identify and eliminate unprofitable products
✅ Negotiate stronger supplier terms based on facts
✅ Price with confidence in competitive markets
✅ Spot efficiency gaps and cut waste before it drains profit
When you know your real numbers, every decision from pricing to production planning becomes a controlled, profit-focused move instead of a risky guess.
Why Production Budgeting Is the Missing Link?
Knowing your product cost is essential but it’s only half the story.
Without a production budget that tracks performance in real time, you have no way to measure if your factory is running profitably day in, day out.
Too many manufacturers rely on annual budgets that sit in a spreadsheet, untouched. In today’s fast-moving market, that’s like navigating with last year’s map.
A live, profit-driven production budget gives you instant answers to critical questions:
- If it costs £X to make a unit, why did it cost more this month?
- If capacity is X,000 units per month, why was output lower?
- What’s the best market entry price to win new customers and still hit margin targets?
- How can we reduce production cost without compromising quality?
The Danger of “Budget in Name Only”
A weak or outdated budget doesn’t just slow you down, it costs you money every single day:
- Wasted materials → profit in the bin
- Overproduction → cash trapped in slow-moving stock
- Underpricing → lost margin before the sale is made
- Poor labour planning → overtime eating into profit
Our Approach: Turning Numbers Into Action
We build you a real-time, responsive budget that works like a financial control tower for your factory:
- Capacity Clarity – See your true maximum output and eliminate bottlenecks.
- Cost Control – Spot waste before it eats into your margin.
- Cash Flow Stability – Match spending to your sales cycles.
- Efficiency Gains – Optimise machines, manpower, and materials.
- Confident Growth – Take bigger orders without gambling your profitability.
With a production budget that’s alive, visible, and linked directly to your costing data, you stop managing by gut feel and start scaling with precision.