The order costing function accumulates and reports costs as they flow through the system. You can analyze costs from inventory, purchasing, receiving and job orders and transfer them to the general ledger. Costs from material transactions, including purchasing and receiving, are transferred to job orders and inventory. Order costing also records unplanned material and miscellaneous costs. With order costing you can:
- Monitor costs throughout the entire production process and identify opportunities for streamlining.
- Review full reports on job orders, sales orders, WIP, cost of goods sold and more.
- Generate subledger transactions automatically when inventory costs or costing methods change.