In common ERP systems, cost accounting, sub-areas, cost type accounting, cost center accounting and cost object accounting can be used alone or together and are structured according to the principle of an integrated accounting system.
Cost accounting, for example, provides many evaluations used to present master data. They can also show the connections between the Income Statement accounts from financial accounting and the cost types of cost accounting or the cost types of consolidation structures for cost centers and cost objects.
You can calculate all the cost plans you make with ERP according to the desired currency and FIFO, LIFO, Purchase Price, Average Purchase Price, Last Purchase Price, Price Closest to Purchase Date, Weighted Average Purchase Price methods.
Standard Product Costs and Work Order Realization Costs can be calculated and compared according to periods. Standard product costs, product tree information and route are calculated according to operations. Work order realization costs are calculated according to stock exits made to work orders and operation realization records.
Consumption quantities and costs are calculated with product recipes. The program of the work to be started is prepared with planning modules adapted to the company's needs. Separate work orders are created for contract manufacturing, repair, sample production or production made based on orders.
You can easily calculate and monitor your real wastage costs and materials that remain as records in the end-of-period manufacturing area but do not actually exist.
You can actually track your expenses such as labor, energy use and depreciation incurred during the production process with the ERP cost module.
With ERP, you can easily and accurately perform the most problematic process of cost calculations in classical programs, the "correct costing of returns" process.
With ERP, you can actually own your Actual Cost accounts.
Cost and service calculations in ERP support flexible planned cost accounting as part of internal accounting.
It ensures that planned costs are adjusted in all actual conditions changed for planning. Unacceptable differences from target / actual comparison can be corrected. Data from various fields such as financial accounting and fixed asset accounting are integrated with cost accounting.
Cost accounting in ERP also combines data from the material valuation and evaluation of production activities.
Actual costs are calculated monthly or weekly according to different exchange rates and price types, taking into account raw materials, labor, and general expenses. The product tree structure is created according to the needs of the companies.
Order, production, and supply processes are followed in detail with work orders. With the information defined for the machines determined as stations, it is checked whether production is carried out in accordance with the capacity.
Users are ensured to work within the desired limits with the authorities determined on a user basis. With this control, the processing times of the personnel can also be observed.
Fast and error-free data entry is ensured with the use of barcode readers. Stock tracking can be done on the basis of warehouses and shelves on the system.
With comprehensive production reports, efficiency analyses are made and control is ensured by warning managers at points where precautions need to be taken. Better monitoring and management of costs during high inflation periods makes a positive contribution to businesses in terms of sustainability.