Accounting

Top Benefits of Manufacturing ERP for Accounting

ERP systems can offer a strong ROI for small to medium manufacturers who choose to invest in a quality system.  For many, the benefits of such a strong manufacturing ERP system mean tighter controls and standardized data for production that allows for optimized production. It also recalls images of better control over inventory and the supply […]

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How MRP System Improves Purchase Planning

Manufacturing Resource Planning (MRP) Systems have been around for many decades, initially known as Material Requirements Planning Systems. These systems operate on the principals of determining what is needed, how much is needed and when the materials are needed to complete production in a timely and cost-effective manner.

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5 Practices for Job Costing

Job costing is considered to be something of an art form as creating a balance between your business and ensuring your employees are fairly paid is not always as easy as you may think.

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How to Calculate Total Manufacturing Cost

Does the task to calculate the total manufacturing cost fill your heart with dread? Once the complete realm of accountants and productivity engineers, the total manufacturing cost has now been revealed as an approachable useful tool for organizations of all sizes and types.

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The Benefits of MRP System for Manufacturing Accounting

If you have any familiarity with MRP systems, you know the advantages they offer in workforce planning, procurement, inventory management, workstation capacity, shop floor data collection, and so much more.And while production planning, eliminating excess inventory, and cost savings are substantial benefits of owning MRP software, one that might be overlooked is the value it […]

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Manufacturing Software and Accounting Software Integration

At some point, every production company needs to start using manufacturing software (i.e. an MRP system). It is very likely that by that time accounting software is already in use, but it has ceased to satisfy needs – it does not supply the necessary answers and restrains the growth of the business. Therefore, a decision is made to start […]

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How much do my products cost?

What is product cost? It’s important to know the manufacturing cost of your products. This is one of the most significant and defining factors in any manufacturing business. The sales price is the value the company receives for making the product. The key question is – at what cost does this come? If the cost […]

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