Are you finding that you are losing out on potential profit because you are not able to obtain accurate and relevant costs for your product, brand, channel, or region in a periodic and automated fashion? Are you looking for help to design processes and efficient cost center hierarchies to gain insights into cost drivers that help you determine inefficiencies related to product costs? If so, you need the help of a professional cost accounting service provider, and we are just such a provider.
Flatworld Solutions (FWS) is a leading provider of cost accounting solutions and can help you with a wide range of cost accounting requirements. We help clients obtain timely and actionable insights that help them focus on business drivers and optimize the available capacity such as people, infrastructure, and resources. We also provide insights related to increased cost transparency that helps to identify inefficiencies.
Our Cost Accounting Services
Flatworld Solutions is a leading provider of cost accounting outsourcing services to clients from across the world. We provide cost analysis and set-up of decision processes and an objective basis to drive enhanced profitability and performance of business processes.
Our cost accounting services include -
With this analysis, we detect and correct variances from the expected level. We analyze the causes for the variance and advise corrective actions to be taken to minimize variances. We detect the price variance (variance between actual and expected price) and volume variance (variance caused by changes in the volumes of acquired goods and services) and perform profit center and cost center analysis.
Our break-even analysis identifies the survival point for businesses. We measure the profit and losses at different levels of production and sales and predict the effect of alterations in sales prices. We also analyze and present the relationship between fixed and variable costs and predict the effect of changes in costs and efficiencies on profitability.
Here, we analyze the contribution of a product or product line to the final profit and also measure the impact of external and internal factors to the contribution. The contribution of these factors to the sales of each unit is also analyzed.
Here, all costs of a product's manufacture excluding material and labor costs are called overhead costs. We determine the fixed and variable overhead costs and emphasize minimizing the variable costs to maximize the profits. We also help clients monitor their variable costs regularly.
- Cost Accounting Records Analysis
- Cost Audit Services
- Cost Compliance Reports Services
- Pricing Goods & Services
- Identifying Profit Centers
- Managing Information Systems
- Management Consultancy Services
- Project Management Services
- Valuation of Businesses
- Rehabilitation Services
- Due Diligence Services
- System Audit Services
- Physical Verification Services
- Central Excise Services
- Service Tax Services
- VAT Services
- Valuation for Excise as per CAS-4 Services
Our Finance and Accounting Portfolio
Other Services You Can Benefit From
Why Outsource Cost Accounting Services to Flatworld Solutions?
Flatworld Solutions is a leading cost accounting service providing company and has helped numerous clients obtain high-quality cost accounting services. Some other reasons to work with us include -
We provide our cost accounting solutions at highly affordable rates and guarantee you maximum return on investment.
The security of your data is our number one priority and to this end, we are also ISO/IEC 27001:2022-certified.
All our finance and accounting professionals use the latest accounting tools and technologies to provide high-quality cost accounting services.
We work extra hard to gain the trust of our clients and to provide the highest quality cost accounting services.
All our finance and accounting professionals work out of international-standard offices equipped with modern and powerful computers, enabling them to provide world-class cost accounting solutions.
Quick Turnaround Time
It is always a milestone for us to deliver our cost accounting solutions ahead of schedule and within budget.
Our cost accounting team is comprised of highly experienced and qualified finance and accounting professionals.
Client Success Stories
Financial & Accounting Back-office Support
A Las Vegas-based Loan Production Office of a bank approached us with financial and accounting back-office support requirement. Our team provided the required service and helped the client to efficiently manage the huge volumes of paperwork.
Billing Services for a Law Firm
A leading law firm was looking for a cost-effective and reliable billing service provider. Our team provided the services within a quick time.
Outsource Cost Accounting Services to Flatworld Solutions
Flatworld Solutions is a leading provider of cost accounting services as well as a comprehensive range of other finance and accounting services to clients from across the world. Our finance and accounting professionals are highly qualified and experienced and provide high-quality services at affordable prices. If you are looking to drive down your costs and maximize your profitability, just partner with us and experience a real boost in your bottom line.
If you're looking for high-quality and cost-effective cost accounting services, get in touch with us today!
Cost Accounting Services FAQs
What is cost accounting?
Cost accounting is a type of accounting that aims to capture a company's total cost of production by assigning costs to objects.
What is the importance of cost accounting?
Cost accounting helps an organization control costs and strategically plan on ways to improve cost efficiency.