Manufacturing and life sciences
The manufacturing close, prepared from inventory to intercompany
Accounting Agents prepare the inventory, cost and entity work behind a manufacturing close: reconciliations tied, schedules rolled forward, entries drafted from source data. Your team reviews, approves and gets back to analyzing the business.
Why the manufacturing close takes so long
Inventory has to tie three ways
Counts, the perpetual subledger and the GL rarely agree on the first pass, and the differences hide across items, lots and locations. In life sciences, expiry-dated and lot-tracked stock adds reserves to review every month. ASC 330 sets how that inventory is measured, generally at the lower of cost and net realizable value.
Cost of goods sold passes through many records
Costs flow from raw materials through work in process to finished goods and COGS, and standard costing adds purchase price and production variances to analyze and allocate. Proving the expense matches shipments means one more workbook and a hunt for every difference.
Every plant and entity adds work
Many manufacturers run plants and subsidiaries that sell to each other and carry large fixed asset bases. Each entity adds reconciliations, eliminations and depreciation, and public companies add SOX controls.
What the Accounting Agents prepare for you
Inventory reconciliation: cycle counts and the perpetual subledger tied to the GL by item, lot and location, with discrepancies flagged and adjusting entries drafted for approval
COGS reconciliation: cost of goods sold matched to inventory movements and production records, with unmatched or mistimed items surfaced with context
Fixed asset depreciation: your register rolled forward, depreciation calculated asset by asset with your methods, and the monthly entry drafted
Intercompany reconciliation: balances between subsidiaries matched by entity pair, mismatches flagged with both sides, and eliminations prepared
Accrued expenses: open purchase orders and late bills reviewed, accruals and coding suggested, and the entry drafted with support attached
Flux analysis: month-over-month and budget-vs-actual variances explained by the entries, vendors and schedules that drove them
How it works
1
Connect your ERP and data.
Ledge connects to NetSuite or Sage Intacct and your banks through 150+ native integrations, and works from the exports and schedules your team already keeps.
2
Accounting Agents prepare the work in your logic and format.
Each Accounting Agent runs deterministic code built around your rules and workbook layout, and builds working papers with live formulas, every figure traced to source, the same way every period.
3
Your team reviews and approves.
You're in control. You review the exceptions, and the Accounting Agent drafts the entry and posts it to your ERP once you approve.
Customers
Manufacturing and life sciences teams close with Ledge
"It's like the dream employee."
Lyndsey Crennen, Corporate Controller, Mesa Labs
Said of an Accounting Agent that suggests its next step and asks for approval before acting.
Frequently asked questions
Can Ledge reconcile inventory and COGS?
Yes. Accounting Agents reconcile cycle counts and the perpetual subledger to the GL and match COGS to production records, flagging each discrepancy by item, lot and location.
Which ERPs does Ledge work with?
Ledge connects natively to NetSuite and Sage Intacct, reading your ERP data and posting approved journal entries back to it. If your team runs another ERP, join the waiting list and we will email you the moment Ledge supports it.
How do auditors review work prepared by Accounting Agents?
Every task keeps its source data, working paper, preparer, reviewer and sign-off together, so the audit trail builds as you close. Ledge has SOC 1 and SOC 2 reports and ISO 42001 certification.
Do we have to change how we cost inventory or depreciate assets?
No. Accounting Agents apply the costing method, depreciation policies and working paper formats your team already uses. Your team decides useful lives, what gets capitalized and which differences get booked.
