The module for enhances the Manufacturing module by providing real-time calculations for material, labor, and overhead costs. Upon completion of manufacturing orders and work orders, this module automatically generates accounting journal entries, ensuring seamless integration between production activities and financial reporting.
Real-Time Cost Calculation: Automatically calculate material, labor, and overhead costs based on actual consumption and work center operations.
Automated Journal Entries: Generate accounting journal entries upon completion of manufacturing orders, reflecting the calculated costs.
Bill of Materials Integration: Define direct material, labor, and overhead costs within the Bill of Materials, which are then utilized in manufacturing orders.
Work Center Costing: Assign labor and overhead costs to work centers, facilitating accurate cost allocation based on actual usage.
Cost Reporting: Access detailed reports on material, labor, and overhead costs associated with manufacturing orders.
Enhanced Financial Accuracy: Ensure precise financial reporting by automating cost calculations and journal entries.
Improved Operational Efficiency: Streamline manufacturing processes with integrated cost tracking and accounting.
Informed Decision-Making: Gain insights into production costs to make data-driven decisions and optimize operations.
Compliance and Auditing: Maintain compliance with financial standards and facilitate auditing processes through detailed cost records.
Real-Time MRP Costing with Workcenter-Based Accounting
MRP Costing with Material, Labor, Overhead and Accounting
MRP Costing with Accounting and Journal Entry Support
Manufacturing Process Costing with Automated Journal Entry Support
Process Costing in Manufacturing With Journal Entry apps is use to calculate process costing of manufacturing and it's workorder process along with with accounting, Which define labour cost and overhead cost from work center. This apps helps to calculate Material Cost, Labour Cost, Overheads Cost for manufacturing and production orders when MO and workorder finished. Its calculates estimated costing and real costing both , estimated costing calculated on Bill of Material-BOM and real costing calculated on Manufacturing Order based on real-time consumption and actual quantity consumption on production order, So production manager can see difference of estimated costing and real costing to improve the productivity. Also app generate accounting journal entry for calculated manufacturing process costing for material cost, labour cost, overhead cost to manufacturing order.When journal entry will created for manufacturing order it will include all the process costing calculation for material, labour and overhead costing on journal entry .You can also see the process costing calculation on Manufacturing order reports.
Product Category Configurations
User have to set product's inventory valuation as "Automated" and select "Account Stock Properties" journal entry will created based on this.
Bill of Materials
Create bill of materials.
Bill of Materials - Direct Material Cost
User can see that direct material cost automatically added based on components of the Bill Of Material. If user want to add direct material cost manually then can also add.
Bill of Materials - Direct Labour Cost
User can add Cost/Hour for Direct Labour Cost and Direct Overhead Cost and this costing will pass to MO from BOM. If user want to add direct material cost manually then can also add.
Bill of Materials - Direct Overhead Cost
User can configure Direct Overhead Cost on Bill of Materials.
Bill of Materials Costing
Here user can see total cost of Material,Labour and Overhead.
Manufacturing Order
Direct Material Cost
Direct Labour Cost
Direct Overhead Cost
Bill of Materials Costing
Produce All Manufacturing Order
When user click "Produce All" button actual costing added for manufacturing order.
Direct Material Cost
Direct Labour Cost
Direct Overhead Cost
Bill of Materials Costing
Journal Entry
User can see created stock journal entry for done manufacturing order.
Journal Entry
User can see created stock journal entry for done manufacturing order.
Journal Entry
User can see created stock journal entry for done manufacturing order.
Journal Entry
User can see created stock journal entry for done manufacturing order.
