Production Cost Management
makes it easy to manage costs and profit, which are key to corporate management.
Features
  • It automatically calculates the cost by including the raw/sub materials and various incidental expenses to the production.
  • Provides Profit Status by industry and various reports related cost.
  • You can compare the costs registered in advance with the actual costs calculated after production, so you can plan ahead at what stage you need to reduce costs.
    FAQ
    • Do I need to calculate the cost directly?
      No. If you only enter the goods inventory in/out, the cost is automatically calculated by the program, so you do not have to enter additional data.
    • Is it possible to calculate cost according to the manufacturing flow?
      Yes. Costs can be calculated based on the consumption of raw/sub materials and the semifinished materials consumed for each process.
    • Can I apply indirect manufacturing costs in addition to direct manufacturing costs?
      Yes. You can calculate accurate costs including the labor costs/expenses incurred for each process.
    • Which methods are you supporting for cost accounting?
      We support Average Cost Method, First-In First-Out(FIFO) Method, Last Purchase Cost Method, and you can freely select the criteria when checking cost.
    • Can I use manufacturing costs to settle account closing?
      Yes. We support reports on basic/increment/decrement/ending stock amounts of raw materials/semi-finished/finished/merchandise, and can recall stock valuation amounts in accounting closing.
    • Can we compare the cost to the sales amount in order to know the management performance?
      You can check the profit amount and the rate by comparing the value of money and the sales amount.
    • Is it possible to calculate the cost through an actual yield?
      You can select whether the costing will be based on BOM or based on loss. We support the users by providing them with a selection to choose from.
    • Can I easily benefit from the retail business?
      If you record purchases and sales exactly, you can easily check the profit status by period, such as daily and monthly.
    • Can I manage the standard cost that my company has specified?
      Yes. Standard cost generation is possible and you can check the books compared to actual costs.
    • In addition to purchasing costs, there is an additional cost for goods imported from abroad. Can I reflect this in the prime cost?
      Yes. When you enter your purchase history, you can record the incident costs together and incorporate them into your costs.
    • Can I only check the profit rate for a specific customer?
      Yes. When you check the cost and profits, you can check by referring to a specific customer.
    • I would like to check the margin rate for each item sold for a month. Is there a menu to immediately check this?
      Yes. You can check cost, profit and the rate by item when you check profit for each specific item.
    Main Features
    • Cost accounting for your company
      • You can select the desired costing method (Average Cost Method, first-in first-out method, Last Purchase Cost Method) to calculate the monthly production costs of the product.
      • You can choose to calculate the consumption of raw/sub materials and semifinished products put into production on a BOM basis or in the actual consumption.
      • You can also choose to calculate the cost of outsourcing that is reflected in the cost, based on the cost of outsourcing already entered when creating the item, or as the actual cost of outsourcing.
      • In addition to outsourcing costs, labor costs, expenses, and import extra expenses can be reflected in costs by process/item.
    • Various Cost Related Reports
      • Based on the calculated cost, you can check the profit status by item and customer.
      • You can easily check the profit rate and the stock amount based on the sales/purchase slip without generating the cost, so it can be used in the retail business.
      • If you click on the cost amount, you can check the details of the basis on which the cost was calculated.
      • When costing with actual consumption, you can see yield variances compared to the registered BOM.
    • Advance Cost vs. Actual Cost
      • You can see the difference between the pre-production(expected) cost of the product and the actual cost after production.
      • It is possible to analyze the cause precisely by difference of Material Price Variance, Yield Variance, Labor Cost / Expenses / O/E Difference.
      • If the actual cost is higher than the preliminary cost, you must reduce the cost by finding the cause of the unexpected cost.
    Production Cost Management