You may also be thinking about how you can optimize your internal cost calculation. After all, you can only make savings if you have a precise overview of what costs are incurred in your company. Today we would like to inform you about the Dynamics NAV cost accounting module available as standard.
You are given the opportunity to Optimized cost accounting Increase your profitability by being able to calculate the costs of products and services in your company clearly and quickly.
At the beginning, the available Cost element accounting. Here you can analyze which costs were incurred where. For example, you can classify costs by department (e.g. administration, production, marketing) or by type of production factor (e.g. personnel costs, material costs, permanent operating costs, etc.). A distinction can also be made between direct and overhead costs. The costs are therefore considered separately from the services according to their original origin.
You can also use the Cost unit accounting where the individual cost items were incurred. The cost objects can be linked to dimensions in cost accounting and an automated transfer of dimension values to the cost object plan is possible.
In the Cost center accounting cost element accounting and cost object accounting are then combined and you now have a complete overview of all costs and their origin through the presentation of processes and service relationships and finally the breakdown and allocation of overheads.
In Dynamics NAV you have the option of freely defining cost types, cost centers and cost units and linking them to one another.
The cost accounting module available as standard covers all important areas, including budgeting, contribution margin accounting and planned cost allocation in addition to those mentioned above. You will also find costing schemes for easy application.
Predefined parameters and dimension values in Dynamics NAV also speed up the process. It is also easy to export or import your data to Excel.
If you are interested in further information on cost accounting in Dynamics NAV, please contact us by telephone on +49 (89) 21 111 848 or by e-mail at vertrieb@br-ag.com.
