Accounting for manufacturing companies in Ukraine

In manufacturing the real pain is costing: inventories, fixed assets and piles of source documents. We set up accounting so you see the true cost of your products, keep inventory and taxes under control, and have reporting that is ready for audit and inspections.

What matters in manufacturing accounting

This covers product costing, accounting for raw materials and finished goods, work in progress, equipment depreciation and VAT on material-heavy operations. We bring order to these areas — and keep it that way.

✓Calculation of production cost
✓Inventory accounting for materials and finished goods
✓Fixed-asset accounting and depreciation
✓VAT accounting and tax risks of manufacturing

Transparent cost and management data

We set up cost accounting so that product cost reflects reality and management gets the data it needs for decisions on pricing, product mix and capacity utilisation.

✓Allocation of direct and indirect costs
✓Cost analysis by product
✓Management reporting for decisions
✓Stocktaking and control of balances

Audit and tax support

We audit financial statements, support tax inspections and diagnose risks before they become problems. We work together with our lawyers.

✓Audit of financial statements
✓Tax diagnostics and inspection support
✓IFRS reporting where needed
✓Legal support of contract work

How to start

Tell us about the specifics of your production and the current state of your accounting — we will assess the scope, suggest a format and prepare a proposal. We organise the handover ourselves.

Relevant services

Accounting

UHY Prostir accounting outsourcing firm: full or partial bookkeeping, reporting, payroll. 20 years of experience, remote work and English support.

Audit & Assurance

UHY Prostir audit firm: financial statements audit, statutory audit, NGO audit. 20 years of experience, remote work and English support. Kyiv.

Tax risk management

Tax inspection support, unblocking of tax invoices, tax audit and consulting by UHY Prostir. 20 years of experience, Kyiv.

Frequently asked questions

Do you set up product costing?

Yes. We build cost accounting and overhead allocation so that product cost is reliable and suitable for management decisions.

Do you keep inventory and stock accounting?

Yes. We organise accounting for raw materials, work in progress and finished goods, as well as stocktaking and control of balances.

Do you handle fixed-asset accounting?

Yes. We keep accounting for equipment and other fixed assets, calculate depreciation and support acquisition, upgrade and disposal transactions.

Do you help with VAT and tax risks?

Yes. We support VAT accounting for material-heavy operations, run tax diagnostics and help during inspections.

Is an IFRS audit possible?

Yes. Where needed we prepare and audit IFRS statements — for example, at the request of banks, investors or the parent company.

Related insights

6 min read

Revaluation of Property, Plant, and Equipment

7 min read

How to open bank a account for a public organization and decide who will keep the accounting records

5 min read

Development of an Accounting Policy for Enterprises Under NAS and IFRS

4 min read

Analysis of Loan Agreements Before Signing

Describe your task

We will suggest a cooperation format and come back with a specific proposal.

Contacts

Accounting and support for manufacturing companies