Production accounting
The Production Accounting module automatically determines work in progress and computes price variations, generating the matching entries in class 9 accounts (management accounting). It integrates with Production, Inventory and General Accounting for unified, compliant reporting.
What you can do
Section titled “What you can do”- Work in progress (WIP) — real-time tracking of in-progress orders and consumed resources (raw materials, direct labor, indirect costs), recorded distinctly, by order, cost center, section or project.
- Price differences — on stock (standard vs. actual cost at receipt/consumption) and at inventory release (standard vs. actual cost), posted automatically to accounting.
- Cost allocation by center and stage — automatic distribution of direct and indirect costs to the cost center and production stage from the order/operation profile.
- Automatic accounting entries — from consumption (Inventory) and service invoices (Purchasing), in both financial accounting and class 9, with traceability from the source document.
- Budget link — production-accounting costs update budget execution in real time.
Typical flow
Section titled “Typical flow”Consumption + labor + costs → automatic accounting entries (class 9) → work in progress and price differences → production journal → Post-costing and P&L.
Benefits
Section titled “Benefits”- Automatic accounting and management records of work in progress.
- Full traceability from consumption and labor to the final cost.
- Real-time updates of production costs and budgets.
See the video tutorials or contact us for help.