Cost Accounting & Calculation
More efficiency through automation
Cost accounting is an essential component of internal management. Its task is to systematically record, analyze and control costs. This is the only way to ensure appropriate costing of products, services or activities. A clear structuring of cost centers, cost types and cost units facilitates the overview and decision-making - and is thus also the basis for effective cost and performance planning.
The core of cost unit accounting is the representation of the individual directly attributable cost items. In the context of planning, it is therefore important to map the composition of the cost objects with the individual cost elements (bills of materials, routings) and thus to be able to perform simulations on individual cost elements as well.
However, cost center planning is not just about collecting overhead costs and distributing them to accounts, months and cost centers. Since many employees are involved, it is especially important in this planning to map and automate the process cleanly. Predictive forecasting, account clustering, precalculations based on past data and, last but not least, workflows help to align cost center planning as efficiently as possible with corporate goals.
Detailed analysis of the cost structure
Allocations and internal activity allocation (ILV) also enable a more differentiated view of the cost structure in the actual values as well as in planning. For this purpose, there are different procedures that can be easily implemented, such as the simple allocation, multi-level procedures or mutual ILV. Finally, the traceability of the calculation is important, as is the possibility of freely selecting the source, target and allocation key.
Whether simple or complex allocation methods, from full and partial costing, to stepwise contribution margin accounting, to acitivity-based costing: we have extensive experience and support you in the realization of your planning and analysis solutions.