Cost Management Module
The true cost of every product and every work order.
The Cost module unifies cost centers, standard costing, work-order and inventory costing on one data model. It compares plan with actual, making profitability transparent at product, order and department level.
Cost centers, standard and work-order costing.
Overview
What it does
One truth instead of scattered cost sheets and “what does this product really cost?” doubt. The Cost module gathers resource expenses in cost centers, allocates them to work orders and products, and compares standard with actual cost on one screen.
Scope
Sub-categories of Cost Management
Each sub-category manages a part of this process — all on the same data.
Cost Center Accounting
Gather overhead in cost centers and allocate it with defined keys.
Standard Costing
Define a standard cost per product; auto-calculate the variance against actuals.
Work-Order Costing
Load material, labor and overhead onto the work order; see the real production cost.
Inventory Costing
Track stock value with methods like FIFO/average; reflect cost accurately into inventory.
Roles
Who is it for?
The same data, a different view for each role.
Cost Accountant
Set allocation keys, update standards and report variances.
Production Controller
Track work-order costs and scrap; see inefficiency at its source.
Finance / CFO
See product and department profitability at a glance; price with data.
Connection
How an expense becomes a cost
Cost is not an isolated sheet. A resource expense is gathered in a cost center, allocated to work orders and products, and compared against standard.
Resource Expense
Material, labor, overhead incurred.
Cost Center
Gathered and allocated.
Work Order / Product
Cost is absorbed.
Analysis & Margin
Standard vs. actual compared.
Capabilities
Key features
Compliance
Compliant with local regulation
Supports cost allocation and stock valuation with a calculation and records architecture built to the Uniform Chart of Accounts, TMS/TFRS and VUK requirements.
Cost Management with Sonia AI
Describe it, Sonia prepares it.
Ask your cost questions in natural language; Sonia analyzes the data, prepares the report or variance summary and brings it for your approval — the final decision is always yours.
Frequently Asked Questions
How are standard and actual costs compared?
The standard cost defined per product is compared with the actual material-labor-overhead from the work order; the variance is calculated automatically and shown line by line.
How is overhead allocated?
Overhead is gathered in cost centers and allocated to work orders and products with defined keys such as machine hours or labor hours.
Does it work integrated with production and stock?
Yes. Work-order consumption flows from the Production module and inventory value from the Stock module; cost entries form their counterpart in Accounting.
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