Know your true margin, by SKU, batch or project.
Accurate inventory valuation and per-project cost tracking — so you know exactly what's profitable and what's quietly losing money, instead of guessing from a blended average.
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Blended margins hide the products that are losing money
A single, blended gross margin number feels reassuring, but it hides everything you actually need to know — the SKU that's secretly unprofitable once you allocate the right cost of goods, or the client project quietly running over budget while another subsidises it. Without proper costing, you're managing the business by averages.
We set up inventory valuation (FIFO, weighted average, or whatever method suits your business) and per-project or per-SKU cost tracking, so your reports show true, granular margin — not a blended number that masks winners and losers alike.
Inventory costing applies where you hold physical stock — D2C, manufacturing, retail. Project costing applies where value is delivered through discrete engagements — agencies, consultancies, service businesses. Many businesses need a hybrid of both.
What's included
Depending on your business model, this engagement covers:
Inventory valuation setup
FIFO, weighted average or standard costing implemented to match how your inventory actually moves.
SKU-level margin tracking
Cost of goods sold tracked per product, revealing true margin by SKU.
Project costing
Direct and allocated costs tracked per client project or engagement.
Stock reconciliation
Physical stock counts reconciled against book inventory to catch shrinkage or errors.
Cost allocation rules
Overhead and shared costs allocated to products or projects on a defensible basis.
Margin reporting
Regular reports showing true margin by product, batch or project — not a blended average.
Not sure which products or projects are actually profitable?
Tell us how your business is structured — we'll design the right costing approach.
How we set up your costing
1. Business model review
We understand how inventory moves or how projects are delivered before choosing a costing method.
2. Costing method setup
Valuation method and cost allocation rules are implemented in your accounting or inventory system.
3. Reporting & reconciliation
Ongoing margin reports are generated, with periodic physical stock reconciliation where applicable.
Initial setup typically takes 2–3 weeks depending on inventory complexity; ongoing reporting then runs monthly alongside your regular close.
Get a clear, itemised quote.
Tell us about your business and we'll size up exactly what this service costs for you — no obligation.
Pricing
Pricing depends on SKU count, project volume, and whether ongoing physical stock reconciliation is included. See our pricing page for indicative ranges, or get an exact, itemised quote in one call.
Frequently asked questions
What costing method is right for my business?+
Do you handle physical stock counts?+
Can you set this up alongside existing bookkeeping?+
Is project costing relevant if I don't hold inventory?+
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See true profitability by SKU, batch or project — not a blended average.