Manufacturing accounting lets you handle Job order costing in production orders and batch orders, as well as Backflush costing in lean manufacturing. These workspaces provide a comprehensive overview of the current status, key performance indicators (KPIs), and detection of deviation. You can access Inventory accounting and Manufacturing accounting from the Cost administration and Cost analysis workspaces. You can define cost policies in the following areas:įor example, you can define which inventory valuation methods, such as FIFO, Weighted average, Standard cost, or Moving average that you want to apply to products in the Item model group in Inventory accounting. It is the process of defining, managing, and reporting Inventory accounting and Manufacturing accounting. Cost management (video) lets you work with the valuation and accounting of raw materials, semi-finished goods, finished goods, and work-in-progress assets.
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