With the data assessment conducted and the reports generated by the cost accounting module, all of the information you need will be at your disposal and you will find the opportunity to orchestrate your business with fast and correct decisions.

This module has the capability of easily calculating the impact of labor, material, energy, amortization costs per unit semi-product in detail, and quickly displaying the cost of goods sold.

This information will provide you a basis not only to determine your competitive strategy, but also to become the leader of new strategies and increase your profitability.

Inventory Costs

The free cost warehouse report, which can calculate the on-hand and consumption costs of items with 24 different methods, is capable of instantly calculating the cost of sold goods in commercial enterprises.

The material consumption costing operation that will constitute the basis for cost accounting can be processed at period ends by any one of the monthly weighted average, FIFO or LIFO methods.

Import companies can monitor all of the phases throughout the process starting with the purchase operation. Extra import costs are added to the cost of goods to accurately calculate the costs. Foreign currency operations can be finalized accurately.

Material costs can be calculated in foreign currencies and/or adjusted values as well as the local currency.

If desired, it is also possible to calculate the rough product costs by reflecting only the material costs. This operation, which calculates the basic product costs, can be processed to create the consumption and cost of goods sold journals based on the values it calculates.

Fixed Assets and Amortization Management

Fast and accurate management of the purchase, sales, depreciation, revaluation and adjustment operations of fixed assets, and distribution of amortization in cost management by the desired methods

The purchase date, price, redemption period, degressive and normal types of amortization methods, foreign currency records of all fixed assets. Periodic revaluation and depreciation process, possibility to return to older processes. Integration by allocating amortizations to costs on ratio or utilization basis. Sales, leasing, investment incentive operations. Opportunity to list reports in the desired details, e.g., fixed assets, accumulated depreciation, partial depreciation, remaining value, non-depreciated part, etc. Liability debit record. Payroll Accrual and Labor

Cost Accounting

This application is designed to provide for the capability to gain full control over the actual costs of the goods sold and on-hand, and take the necessary cautions to reduce costs, to execute the cost operations swiftly and accurately, and further to have instant up-to-date information about the values.

In the system, you can define the production phases, the cost centers that are processed in each of these phases, the distribution coefficients to evaluate cost items such as raw material, labor, amortization, the sequence of the phases, the products and the product groups, the product, semi-product and reflection account codes of these groups. You can further evaluate costs with the weighted average and FIFO methods, monitor the costs in foreign currency (FAS 52) and adjusted values (IAS 29), monitor product costs by cost centers with details such as material, labor, amortization, general production costs, create automatic consumption, cost and cost of goods sold journals.

The cost accounting system in international standards will relieve you from having to wait until the year-end to know your actual costs and profit.