ERP (Cost Planning & Control)

Cost Budget


* Cost budget for each financial period.
* Cost budget for each cost center.
* Cost budget for each account code.
* Comparison of budgets of different periods.
* Variance analysis based on actual amount Vs budgeted amount.
* Variance analysis between budgets of different financial periods.

Cost Setup

Cost Center

* Detailed and Group Cost Center.
* Effective dates can be provided.
* Cost center structure can be maintained.

Cost Element

* Activity Based cost element and normal cost element.
* Ledger asset, income and expenditure codes can be created as cost element.
* Ledger code itself can be created as cost element
* Effective dates can be provided.
* Same cost element can be mapped to multiple cost centers.

Cost Rollup

DP Roll up gives users a facility to compute the cost of item that is either manufactured or subcontracted.

* Purchased and subcontracted item can be rolled up.
* Errors on rollup can be verified and rectified.
* Basis of rollup can be maximum, minimum or average.
* Tolerance can be defined for additional cost burden.
* Cost burden can be applied and updated in the inventory.