How Do I Implement a Costing System?

Cost accounting is a highly scalable system, which can be as large as MRPII and as small as one or two statistical reports. In addition, the cost accounting methods implemented in different industries are very different. The following is a discussion of cost accounting in general.

Cost accounting system

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Cost accounting is a very scalable system, which can be as large as MRPII and as small as one or two

1.Initialization module for cost accounting

Including the initial data of cost accounting, personnel authority and maintenance functions, the focus is on the connection between cost data and related modules, such as obtaining the complete depreciation data for the month from the fixed asset management module. And in this module, pay attention to the accounting of the product or not?

2.Inventory accounting module for cost accounting

Including the circulation and measurement of raw materials, semi-finished products and finished products, the focus is on how to make a reasonable cost measurement based on the BOM. In order to adapt to the habits of financial staff, this part of the accounting should have the function of exporting as EXCEL.

3. Cost calculation module

Including the acquisition of cost accounting items, the taking out of accounting objects, the determination of apportionment standards, and some deficiencies, it is possible to perform a number of false operations. The emphasis is on the setting of accounting methods and standards, and the simultaneous transfer of quantities and amounts at a reasonable level is the ultimate performance requirement and goal.

4. Output module of cost report

Including calculation and confirmation of the above data, it can be output in the corresponding table format, especially for the manufacturing cost report of the product should be more detailed, at the same time for the basic analysis methods such as cost-benefit analysis to provide a button to execute.

5. Save and carry forward annual data.