At a glance
Entrepreneurial thinking is important in any workplace. With comprehensive cost accounting, your team can quantify the cost efficiency of products and activities, improve decision making and drive the success of your company. abas ERP cost accounting not only monitors the cost of your goods and services, it also provides you with tools which you can use to compare costs under different conditions. Controllers can quickly analyze the benefits of an activity or process and recommend the most appropriate course of action to management.
Cost accounting includes an automatic offsetting function, Internal Cost Account Activity Allocation (IAAA), for mapping internal exchanges of services within the company. In addition to IAAA, the exact overheads can be posted against the cost object on a monthly basis. This allows for a more accurate income statement than possible under conventional order costing. The cost and service calculation in abas ERP cost accounting supports flexible planned cost accounting as part of internal accounting. It allows planned costs to be adjusted in all actual conditions that have changed for planning. Unacceptable differences from the target/actual comparison can be corrected. Data from various areas such as financial cost accounting and fixed asset accounting are integrated with cost accounting. Cost accounting in abas ERP also integrates data from the material valuation and valuation of production activity.