Cost Accounting

The Cost Accounting module is a powerful “activity-based costing“ system. It integrates with all available ABECAS® modules, including the General Ledger module so each entry automatically updates both modules. It 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.