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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.
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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
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Discover abas ERP Costing and Valuation


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abas ERP Costing and Valuation
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
Scheduling – The abas brain
Your company has to monitor and control an enormous number of parallel processes on a daily basis. abas ERP scheduling makes this complexity manageable. Fully automated, it permanently updates your material requirements and planning.
Production – abas' strength
Production is the linchpin of abas ERP. Our ERP solution helps you successfully tackle all challenges in the production environment - from production planning and execution to production control.
Financial accounting – Integrated
Benefit from the complete integration of finance in abas ERP: From financial and fixed asset accounting, controlling, costing, and valuation to material costs posting and reporting. Always stay on top of you costs.
Customization
Thanks to our high adaptability with simultaneous upgrade compatibility, you can rely on standard software and still remain unique. Quickly and easily map your individual business processes and secure competitive advantages.
Sales – Your customer in focus
abas ERP supports you throughout the entire sales process - starting with the sales opportunity, the efficient preparation of quotes, and order management and continuing through recording packing slips and invoices to mobile features for your external sales force.
Purchasing – Greater deadline adherence
With abas ERP Purchasing, you can efficiently control all purchasing processes - from requests and order suggestions to incoming goods with quality control and invoice verification. With the help of the scheduling integration, you can ensure quantities and deadlines are met.
Connectivity – Made easy
Networking and interfaces are more important than ever before. abas ERP contains powerful standard connectors (DMS, MS SQL and PDM) and, thanks to its integration tool, enables the easy connection of third-party systems without any programming effort.
Mobile applications – Anytime
Our mobile applications are intuitive to use and focus your employees on the essentials: They support your production and warehouse in real time and are also available offline for your external sales force and customer service teams.
Warehouse – Manage in abas ERP
With the help of abas ERP Warehouse Management, you can manage all processes relating to your material movements directly in the ERP system - from withdrawals and receipts to transfers - and easily keep an eye on stocks and delivery availability.
abas ERP references
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.