Define Bill of Materials (BOM) for Each Product
- Allows defining the product structure and detailed list of materials (BOM) required for production.
- Suitable for multi-stage production models, assembled or composite products, and manufacturing processes with multiple components.
Automatic Determination of Material Quantity Based on Standards
- When a production plan or order is created, the system automatically calculates the required quantity of materials (BOM-based) for production.
- This minimizes material loss and ensures accurate allocation of raw materials.
Collect and Allocate Costs by Flexible Criteria
Production costs (direct materials, labor, overhead, etc.) can be allocated according to:
- Actual incurred amount
- Offset account
- Value arising from other accounts
- Allocation coefficient
- Finished product ratio
- Main material or consumption quantity
Support for Multiple Costing Methods
The system supports various costing methods:
- Simple method
- Coefficient method
- Standard costing method
- Direct method
- Process costing method
Automatic Posting of Finished Goods Value
After costing is completed, the system automatically records the finished goods value in warehouse receipts.
FTS has successfully implemented costing solutions for many complex manufacturing enterprises.
FTS Accounting is always ready to help businesses configure cost calculation processes according to their actual operations, ensuring automation, accurate costing, minimizing manual work in cost collection and allocation, saving time, and reducing errors.