Cost that survives an audit.
Bills of material, production runs, wastage and overhead absorption — valued continuously, so cost of goods sold is a fact rather than a year-end estimate.
If your margin is decided on the shop floor, your accounting system has to live there too.
Multi-level BOM
Sub-assemblies, alternates, scrap allowance and per-component wastage, versioned by effective date.
Production runs
Consume components at cost, produce finished goods, absorb labour and overhead into the batch.
Batch, serial & expiry
Trace a shipped batch back to the components and the run that made it.
Costing you can defend
Weighted average or FIFO, standard versus actual variance, and per-unit cost at each stage.
Subcontracting
Material issued to a job worker, tracked out and back, with processing charges costed in.
Counts & variance
Physical count sheets, approval on variance, and adjustments that post with a reason code.
How the first weeks look.
Items and structures
Units, warehouses, BOMs and opening stock with its value.
Run production
Jobs issued, consumed and completed, with wastage captured as it happens.
Read the margin
Product-level and batch-level cost against the price you actually sold at.
What hits the ledger
None of the above is a side record. Each action writes a balanced journal you can inspect, drill into and lock.
- Component issue → raw stock credited, work-in-progress debited
- Run completion → finished goods debited at absorbed cost, WIP cleared
- Dispatch → cost of goods sold debited, stock credited at the costed value
- Variance → recognised in the period, with the reason code on the entry
Asked by desks like yours.
Yes — material issued out is tracked as your stock at a third party, processing charges are costed into the batch, and returns reconcile against the challan or delivery note.
Weighted average and FIFO, set per item group, with revaluation on every movement. Standard costing is available alongside for variance reporting.
Yes. Plants are warehouses under an entity; separate legal entities per country consolidate at group level with inter-company transfers priced as you configure.
See it configured for your desk.
We will set up a sandbox with your document formats and one month of your data before the call.