Summit Encore Series Video: Financial Impacts of Production
Updated: 03/24/17 Our job of implementing Enterprise Resource Planning (ERP) and being a Cloud Service Provider (CSP) requires that we listen to our customers and respond by solving our customers biggest problems with automated software. In spite of other software's big promises, companies still struggle with quantifying the real cost of producing finished goods or absorption costing. Our team frequently gets questions about production costing from our manufacturing customers.
Track All Production Costs to the General Ledger
Discover how and can solve this most common problem among manufacturer's by attending a webinar entitled: The Financial Impacts of Production. The webinar will show how Dynamics AX traces production costs to the general ledger.
Cathy Dean, the managing director of , presented the video below for the Dynamics AX Users Group (AXUG). The video shows how to overcome the challenge of adding all the indirect costs into the cost of production with Dynamics AX. If your company manufactures or constructs products, watch the video below and download the notes to the by following this link.
Cathy Dean will walk you through a step-by-step review of the production processes inside Dynamics AX that are necessary to see the real cost of production and how those processes affect the General Ledger.
Cathy Dean obtained her BS in Accounting from St. Cloud State University, and knows manufacturing from your shoes being a CFO, and has:
- 10+ years of experience in Microsoft Dynamics AX
- Over 20 years of experience in the industries of manufacturing, and wholesale distribution
- Deep IT and ERP experience in areas of food processing, cost and general accounting, manufacturing, cash management, financial analysis and forecasting
also supports absorption costing (aka tracking all production costs to the general ledger) by enabling indirect costs to be absorbed into the product cost. Examples of indirect costing or overhead expenses include:
- Depreciations of manufacturing equipment
- Maintenance expenses that are related to manufacturing equipment
- Shop floor expenses for cleaning, rent, or insurance
- Administrative expenses
- Utilities
To read more about how absorption costing can help your company become more solvent read our blog, "" or download the whitepaper below.
Email: Minneapolis/St. Paul, Minnesota, or call at 877.428.7205.
Email: Dallas/Fort Worth, Texas , or call at 800.331.8382.
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