Costing and Valuation
as an integral part of fully integrated financials
Do you know what your cost drivers are? Our seamlessly interlinked material and value flows identify them.
Your competitive advantage
Abas ERP Costing and Valuation
highlights
Tired of determining production costs manually and comparing stock when posting consumption and stock changes, but want to perform costing on a daily basis? Benefit from our valuation and unique material costs posting. Check out the highlights and decide for yourself.
Costing
Flexible tools for preliminary costing, concurrent costing, and final costing
Valuation
"Self-repairing valuation" through automatic adjustment of all values
Material costs posting
Fully automatic work in progress determination
Insight into Abas ERP
Discover Abas ERP Costing and Valuation
Demo Videos
Experience how Abas ERP simplifies daily tasks in short product videos.
Product brochure
Get to know Abas ERP and find out what makes our solution so unique.
Abas ERP Costing and Valuation:
Highlights in Detail
Costing before, during and after production
Before production, preliminary costing helps you determine expected costs and provides a solid basis for preparing a quotation. Different valuations can be used as a basis: purchase price, mixed price, last cost price or planned price. Concurrent costing helps you during production. It shows you to what extent the planning corresponds to reality based on the completion confirmation times and material withdrawals actually posted up to the key date and taking into account the outstanding processes for target costs. This target/actual deviation gives you the opportunity to intervene during the production process if necessary. After completion of the sales order, Final costing summarizes all actual costs (including overhead costs) incurred by a cost object (for example, work order or customer order) and thus provides the basis for a retrograde actual cost overview. In addition, you can identify special situations and cost developments based on the final costing analysis that can be performed over a period of time.
Seamless material and value flows through valuation
Is your production always urgently waiting for material and removes it for a work order immediately after the goods receipt has been posted - even before the vendor invoice is received? At what price should you value this material withdrawal? Abas ERP is able to valuate material receipts at a provisional price. If the vendor invoice is later posted with the actual purchase price, this automatically leads to a revaluation of the receipt. The change in value is passed on to all stages of the subsequent use of the material, including all subsequent costs such as transport costs, cash discounts or credit notes. The valuation in Abas ERP is the basis for this by seamlessly linking the material and value flows. This means you always work with the most up-to-date valuation in all analyses. The valuation also provides the data basis for (concurrent) final costing, mixed price calculation and - when using the material costs posting - for integrated cost accounting.
Abas ERP Costing and Valuation will help you to identify cost drivers and become more efficient
Exact controlling with material costs posting
Material cost posting in Abas ERP determines and posts the costs of the material flows of raw, auxiliary, and operational materials as well as the stock changes of semi-finished (WIP) and finished products. Process gaps are shown using a traffic light function, which enables the user to selectively intervene if necessary. If processing is successful, the values are posted directly to the corresponding balance sheet and P/L accounts in financial accounting. Production costs posting determines the completion confirmation times of personnel and machines and posts them - valuated according to the respective hourly rate for staff and machines. Fixed and variable components as well as special direct costs are also transparently displayed. Statistical entries are used to deliver the values from production costs posting directly to the cost accounting evaluations and are available for detailed analyses.
All Function Areas at A Glance
Abas ERP supports you in all core areas of your company
These customers trust in Abas ERP Costing and Valuation
In 2006 we introduced the material valuation included in the ERP system standard release. […] Today we produce blanket orders for many customers in advance and immediately transfer the data to cost accounting. Thanks to our ERP system, we now know exactly what costs are incurred and how much we earn and where.
