VISUAL Enterprise includes a cost accounting software solution that supports both actual and standard costing methods, providing you with the flexibility to choose which works best for you. The manufacturing accounting software captures costs as changes occur, ensuring up-to-date and accurate costing. You can link purchases directly to existing work orders from within the Purchasing or Manufacturing modules. Additionally, you can earmark costs specific to the appropriate job, then link work orders to specific customer orders. This allows you to know the true margin for each customer order.
The cost accounting software component of VISUAL Enterprise automatically charges work order costs for customer orders to the Cost of Goods Sold upon shipment to your customers. You can quickly and easily create and post manufacturing journals to the VISUAL General Ledger.
VISUAL Enterprise’s manufacturing accounting software also supports ABC costing. Activity Based Costing allows you to determine the actual cost associated with each product and service, regardless of the organizational structure of your enterprise. Through ABC costing, you can see actual dollar costs against individual activities, then find opportunities to streamline or reduce costs, or determine whether you should eliminate the entire activity, especially if there is no value added.