One of our strengths is providing you the critical reports you need to make profitable decisions. So you can confidently guide your business forward through any economy. Cost reporting is one of these critical reports.
Cost reporting (also known as job costing and class coding) identifies the costs and expenses directly attributed to a specific job, class or project. For instance, contractors monitoring costs for a project, a non-profit tracking grant funds, or a manufacturer seeing the total cost of a production run.
Our reports let you drill down to specific details, so you clearly see the most advantageous course of action. One example is when a machine is down, you’ll know if it’s more cost-effective to do a quick repair, a premium repair, or move employees to a new machine running a longer shift.
Cost reporting is ideal for any type of business who wants a tighter control on costs. The reports provide a system for continuously monitoring cost versus budget.
More Cost Reporting Benefits:
- Optimize pricing
- Classify costs
- Identify profit and loss centers
- Control materials and supplies
- Maintain optimum level of inventory materials and supplies
- Accurately value inventories
- Control labor costs
- Measure operational efficiency
- Reduce losses from seasonal fluctuations