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Features

Production Costing provides a comprehensive set of tools to manage manufacturing costs end-to-end.

Core Features​

Real-Time Cost Tracking​

Monitor costs as they accumulate throughout the production process. Get up-to-date figures for each work order without waiting for period-end closing.

Multi-Level Cost Allocation​

Distribute overhead and shared costs across products using flexible allocation rules — by volume, labor hours, machine time, or custom drivers.

Bill of Materials (BOM) Costing​

Automatically calculate the expected cost of a product based on its BOM, and compare it against actual production costs to detect variances.

Variance Analysis​

Identify and investigate differences between standard and actual costs:

  • Material Variance — difference in quantity or price of materials used
  • Labor Variance — difference in hours worked or pay rates
  • Overhead Variance — difference in applied vs. actual overhead

Work Order Management​

Link costs directly to work orders for granular tracking. Each order accumulates its own cost record throughout production.

Integration with Inventory & Finance​

Seamlessly connects with inventory management and general ledger modules to ensure cost data flows accurately into financial statements.

Configurable Cost Methods​

Supports multiple costing methods:

  • Standard Costing
  • Actual Costing
  • Weighted Average Costing
  • FIFO (First In, First Out)