The Cost Accounting Software module is an Activity Based Costing (ABC) system that integrates with all ABECAS™ Insight modules. It shares the Accounting records with the General Ledger and Fund Accounting modules so that all accounting records, either internal or external, automatically update all three modules. The accounting structure is easily mapped to your business processes and requirements. This module provides a comprehensive repository of all Job information and is a valuable resource as you evaluate the profitability and performance of each job and its components.
The Cost Accounting builds out from Jobs or any unit of management responsibility as defined by you, such as cost center, project, process, contract, location, product, work order, or year/season. They can start and end at any time and last for as long as needed. The accounting periods for each Cost Accounting Job can cross Fiscal Years based on the period applicable to the Job. In many cases, they are tracked on a calendar year basis regardless of fiscal year. By classifying each Job by multiple criteria, reports may be displayed individually or summarized by one or more of these criteria.