Enterprise 21 ERP Software: Costing Methodology
Enterprise 21’s inventory control software module offering fully integrated control of inventory from product definition, through raw material receiving, production, and final shipment and delivery to the end use customer.
Inventory Costing Functionality Includes
- Supports multiple costing methods including standard, FIFO, LIFO, and average costing. Costing methods may be specified at the product level.
- An infinite number of general ledger accounts can be used to classify inventory.
- Cycle count and annual physical inventory count procedures allow for easy maintenance of current quantity levels. Separate processes exist for cycle counts and physical inventories.
- Enterprise 21 allows raw material costs to be sensitized and rolled up to view the impact on the finished product cost. Standard costs can be reset utilizing the new cost.
Click to review additional highlights for inventory control management:
|
>
