Production Costs System
V2.0
Our Production Costs and Manufacturing Accounting system provides
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Flexibility to accommodate the manufacturing environment.
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Maintaining accurate and complete records of the value of inventory.
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Store and retrieve cost information.
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Manage the costs by providing information to the company's business plan.
It also helps to evaluate these manufacturing processes to determine how they affect a company's profitability:
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Manufacturing cost accounting (direct labor, indirect labor, and overhead).
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Product design (design and manufacturing engineering)
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Accounting (gross margin by product line or item)
Core Features
User-Defined Cost
Extras or Add-ons
Define and maintain an unlimited number of cost components for tracking specific costs, such as freight, taxes, duty, electricity, ... etc
Bill of Material Rollup
Calculate the total material cost by retrieving the bill of material for all items and adding the total cost of the components.
Actual Costing Integration
The system provides two methods for actual costing:
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Weighted average cost
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Manufacturing last cost
User-Defined Cost Rollup Methods
Define an unlimited number of cost methods to use in cost simulation analyses.
Cost Simulation
Run a complete simulation of costs before any live data is updated as the frozen cost standard.
Journal Entries For Variances
Create detailed or summary journal entries for work order or rate schedule variances.
User-Defined Cost Factors and Rates
Allocate cost factors and rates to a specific item, These factors and rates are used with cost extras or add-ons to calculate additional costs.
Multifacility Costing
Maintain cost information at the branch/plant level to allow for cost variances at different locations for identical manufactured items.
Journal Entries For Work Order
Create detailed or summary journal entries for work in process or completions.
Cost variances
Print a set of reports to compare old costs with new costs before implementing any changes.
Manufacturing Variances
The manufacturing variances tell managers where the company is not performing to the standards that were created and agreed to by those responsible in the Engineering, Finance, or Production Departments
Automatic Accounting Instruction
The control process of automatically generate journal entries