cost accounting in microsoft dynamics 365 business central

Inventory Management in Dynamics 365 Supply Chain covers all the tasks related to inbound operations, quality assurance, inventory activities, outbound operations, and inventory control. The solution also provides workspaces for cost administration and cost analysis to give a comprehensive overview of the current status, KPIs, and deviation detection. The solution enables businesses to define cost policies for inventory accounting, manufacturing accounting, indirect cost accounting, and ledger integration. Additionally, businesses can use the solution for overhead calculation, analysis, and reporting.Ĭost Management helps businesses manage the valuation and accounting of raw materials, semi-finished goods, finished goods, and work-in-progress assets. The solution also provides data sources and data providers for processing general ledger, budget, and statistical measures. The solution allows businesses to configure base entities, create dimensions, and define policies for cost allocation and overhead rates. The hierarchical structure of functional locations helps to track asset costs on functional locations, which is critical for project controlling and reporting.Ĭost Accounting in Dynamics 365 Supply Chain helps businesses manage their costs effectively. The solution supports various industries and uses functional locations to manage assets on locations.

This includes machines, production equipment, and vehicles. Let’s take a closer look at some of the key features of the solution and how they can benefit businesses.Īsset Management is an important feature that allows businesses to manage and service different types of equipment efficiently. Microsoft Dynamics 365 Supply Chain is a comprehensive solution that offers a wide range of functionalities to help businesses manage their supply chain operations effectively.

Cost accounting in microsoft dynamics 365 business central