D&M Manufacturing Industry Newsletter

January 2025

Kaitlyn L. Mariano,

CPA

Tax Senior Manager

Featured Article From Our Experts

Inventory Valuation Methods for Manufacturers

Choosing an inventory costing method is a critical decision that can significantly influence the financial health of your manufacturing business. Understanding these methods is essential for making informed decisions that align with your business goals. In this article, I will review the methods available to manufacturers and explain why they may be the right fit for your company.

Four Signs That Your Budget Is Unreliable

A realistic budget enables your manufacturing company to identify potential cash shortages and production capacity constraints. However, certain pitfalls can undermine its effectiveness. This article highlights four common budgeting pitfalls to avoid, helping you create a more accurate and effective financial plan.

Manufacturers: Are You Conducting Productive Employee Reviews?

Comprehensive employee reviews can enhance manufacturing productivity and retention by offering constructive feedback, boosting morale and fostering collaboration. This article outlines strategies to improve reviews, including setting expectations, focusing on key issues and developing actionable plans to better align employee performance with company goals.

Segmented Income Statements Can Help Enhance Profitability

Have you ever considered using a segmented income statement for your manufacturing company instead of a company-wide one? While it may require more effort to create, a segmented income statement can provide valuable insights into key performance indicators and potential areas for improvement. In this article, we'll explore the basics of a segmented income statement and how it can be used to benefit your manufacturing company.

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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. The hallmark of our firm is our technical expertise, depth of experience and our approach to delivering quality service to our clients. We understand the unique needs of manufacturers, and our team of manufacturing specialists is well-versed and experienced in manufacturing concerns and able to address your needs. We are involved in many organizations that serve manufacturers, including the Manufacturers Association of Central New York (MACNY) and the Central New York Technology Development Organization (CNY TDO). We are also Upstate New York’s first-ever affiliate of GGI Global Alliance (GGI), the prestigious international organization of professional firms.

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To learn more about Dannible & McKee, visit us at: www.dmcpas.com.