Actual costing

Particularly useful for companies operating in highly price-competitive and margin-pressured environments, as well as for manufacturers dealing with extreme fluctuations in raw material prices, actual cost tracking operates in addition to and separate from your designated costing method of Average, Standard, Last, FIFO or LIFO. It enables you to monitor the actual costs of a batch-serialized or lot-traceable item for all item movements, thereby providing improved accuracy for job-cost estimating and product pricing.