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| Cost Accounting Software |
The ABECAS Insight Cost Accounting module is a powerful "activity-based costing" system. It integrates with all available ABECAS Insight modules, including the General Ledger module so each entry automatically updates both modules. It comes as part of your core accounting software and provides management reporting and control at the responsibility level in your business. This may be a job, product, process, project, contract, enterprise, assignment, location, equipment item, building, terminal, work order ... and so on. It allows your accounting records to be maintained in more detail -- and separately from your General Ledger.
The Cost Accounting uses Cost Centers to identify the centers of management responsibility. These may belong to a General Ledger Department as "Jobs", or be independent, as "Work Orders". They can start and end at any time and last for as long as needed. Most typically, they are tracked on a calendar year basis. By classifying each job or work order by multiple criteria, reports may be displayed individually or summarized by class.
For each job or work order, the accounts are maintained in four dimensions. (1) Over time by Year/Season, (2) by Activity for the activity/ phase/ task/ operation/procedure associated with the transaction,(3) by Account for the type of revenue or expense associated with the activity, and 4.) by fund. This allows the reports to be displayed in activity sequence, with or without the account detail, or in account sequence, with or without the activity detail ... for one or more years (or seasons). Quantity amounts are maintained along with the dollar amounts.
The Cost Accounting reports give you the information needed for critical decisions at the job or work order level. They allow you to group your jobs and compare across jobs or groups of jobs. This module provides a comprehensive job/work order database for your business. It is a valuable company asset and should be treasured. ABECAS Insight is designed to be your data depository and retrieval system.
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