Reliably monitor expenditure or activities where they occur to budget strategic goals and plan ahead.
Make well-Informed decisions:
Identify crucial cost drivers in your products and services, compare actual performance with planned performance results and make better cost-oriented decisions.
Assign transactions correctly using configurable calculations, various sources, targets and valuation accounts.
Use cost types, cost centers and cost objects to map expenditure from different dimensions in order to gain valuable insights into all aspects of your business.
Automate cost accounting processes:
Compared to conventional cost accounting, reduce errors and save time by using automated transactions that will deliver more reliable profit analysis.
Cost accounting structure
Cost accounting in the ERP system is structured so that sub areas, cost type accounting, cost center accounting and cost object accounting, can be used alone or in combination. It is structured according to the principle of an integrated accounting system (the data is entered and processed in a closed allocation group). In the case of actual data, cost accounting accesses the financial accounting data. In an additional statistical journal, only cost accounting postings can be posted. With cost accounting, you can flexibly map a wide range of different solutions from simple cost accounting through to flexible planned cost accounting.
Actual cost-type accounting and actual cost center accounting limited to the primary costs (cost accounting for beginners)
- Actual cost center accounting with internal account activity allocation
- Actual/planned cost center accounting with planned/actual comparison and internal account activity allocation cost center accounting according to flexible standard costing with target/actual comparison
Cost accounting values
Cost accounting generally uses actual and planned values. However, it can also be operated as actual/planned accounting or purely actual.
Integration in financial accounting
The actual values of cost accounting are taken from financial accounting. The imputed actual values, which are created in cost accounting by statistical entries, are an exception. Financial accounting and cost accounting are linked via the cost types.
Cost-type accounting groups presents costs according to cost types. In order to use costs that are posted in financial accounting and in cost accounting, the cost types are allocated to P&L accounts. When posting to accounts in financial accounting, abas ERP automatically forms values on the cost types.
Cost accounting provides many evaluations which are used, for example, to present master data. They can also show the connections between the P&L accounts from financial accounting and the cost types of cost accounting or the cost types of the consolidation structures for cost centers and cost objects.
Evaluations for data analysis
Options for internal account activity allocation:
After IAAA has been performed, different cost rates are available to the cost centers. The primary cost centers will then have the current overhead surcharge rates.
IAAA calculates the following values for each cost center:
The planned/actual comparison can be implemented for the cost efficiency check. It can be used if no activity bases are used for planned costs, and if no target costs are to be used.
The target/actual comparison is available as an alternative to the planned/actual comparison. This comparison requires actual and planned activity bases. Only then can target costs be calculated and a target/actual comparison generated.
Cost object accounting
A contribution margin calculation can be mapped for each cost object in the expense distribution sheet (EDS). For example, the revenue of a cost object can be compared to the direct material and production costs, resulting in contribution margin 1. These direct costs are automatically posted using material costs posting and production costs posting. Contribution margin 2 is calculated by mapping the material overhead surcharge rate from the material primary cost center and the production overhead rate from the production primary cost center in the EDS. Then it subtracts these from contribution margin 1. This allows a contribution margin calculation to be mapped in the EDS at the cost object level with the overhead surcharge rates from cost center accounting.
Production cost posting
The production costs posting function enables the valuation of personnel and machine times from the completion confirmations. It then uses these to determine the production costs differentiated according to individual cost objects. Wage groups are available for the valuation of personnel times and machine times are valuated using hourly rates. The following can be edited as long as the completion confirmations have not yet posted: Fixed and variable machine hourly rates, personnel hourly rates, overhead rates and special costs. The production costs resulting from the valuation will be posted by means of statistical entries. abas ERP automatically performs both the valuation and posting of the production activity.
Multi-dimensional contribution margin calculation
abas ERP supports a differentiated contribution margin calculation according to different dimensions. A multi-dimensional analysis, as a tool for decision-based cost accounting, is necessary in order to add to one-dimensional profit and loss statements. This leads to identifying the sources of losses.
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