Cost Accounting /Financial Management
Product costing based on materials, labor and overhead
The Cost Accounting system defines costing periods, cost drivers and allocation bases for service and production centers. Standard costing relies on predetermined rates and planned capacity, while actual costing draws on accounting data and recorded production activity. The product cost card shows the share of materials and operations separately.
Benefits of Cost Accounting
Standard and actual product cost calculation
Transparent allocation bases for labor and overhead
Use of actual accounting and production data
Material and operation shares shown on the product cost card
- Standard and actual product cost calculation
- Transparent allocation bases for labor and overhead
- Use of actual accounting and production data
- Material and operation shares shown on the product cost card
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Frequently Asked Questions
Which organizations is the Cost Accounting system designed for?
It suits public, private and holding organizations of any size, and its base settings adapt it to each organization's structure and processes.
Is Cost Accounting integrated with the other subsystems?
Yes. Cost Accounting exchanges data automatically with the other Financial Management subsystems and with the rest of the CYBER ERP modules.
Can data be migrated from our previous software?
Yes. Raydana's implementation team migrates master data and balances from your previous system and verifies them before go-live.
How are Cost Accounting users trained?
Training is delivered through individual and group sessions, step-by-step guides and video tutorials, with continued support after go-live.