Admin can select manufacturing process costing method as "Manually" or "Work-Center".

While the admin adds costing data manually, direct material costs are automatically derived from the Bill of Material.

Admin can manually add Direct Material Cost.

Admin can manually add Direct Labour Cost.

Admin can manually add overhead costs directly to the bill of materials.

The admin can see the complete cost in a separate tab.

Create orders from BOM to auto-fill costs, with an option for manual adjustments.

Direct Material Cost in Manufacturing Order Creation.

Direct Labour Cost in Manufacturing Order Creation

Direct Overhead Cost in Manufacturing Order Creation

Total Cost Breakdown in Manufacturing Order Creation

Generate work orders that automatically include all direct costs by clicking 'Create Work Orders'.

Manufacturing order completed with Direct Material Cost, Direct Labour Cost, and Direct Overhead Cost.

According to the work order details and duration, the system will calculate the actual cost of the manufacturing order.

Direct Material Cost and other information properly documented in the
Manufacturing order PDF

Direct Labour Costs and overhead costs are properly documented in the
Manufacturing order PDF

Admin sets costs per hour in work centers to auto-update BoM with actual costing.

Creation of BoM - Process 2: Work Center

All Direct Material, Labor, and Overhead Costs auto-fill from the selected work center.

Creation of new manufacturing orders by automatic work center process

Total cost breakdown in the manufacturing order

The work order was completed successfully

Total number of items consumed in the work order. Admin can change the number of components.

After admin clicks produce all, the system will ask for confirmation for the change in quantity

After admin changes the material quantity, the Direct Material Cost changes

Total actual cost of the manufacturing order based on accurate material cost and other costs

Odoo Process Costing in Manufacturing

€65.00

Tax excluded

(5 Ratings)

Return policy

10-day module exchange guarantee

Description

Key Features

Benefits

Workflow

FAQ

Reviews

Description

Optimize your manufacturing costs by tracking and allocating material costs, labor costs, and overhead costs across production and manufacturing orders.
This suite combines the strength of two powerful apps: one focusing on MRP process costing based on work centers and the other providing full visibility of costs at both the estimated and real-time levels.
Designed for manufacturers seeking precise control over their production expenses, these apps enhance productivity by clearly comparing estimated and actual costs, driving informed decision-making and operational efficiency.

Key Features

Add and manage direct material, labor, and overhead costs both on Bills of Material (BOM) and Production Orders, providing a complete overview of total process costs.
Display total costs for materials, labor, and overheads on BOM and Manufacturing Orders, offering transparency and ease of analysis for manufacturing operations.
Choose between automated and manual costing. Use manual entries for detailed customization, or leverage automated calculations driven by work center rates for real-time cost assessment based on consumed hours.
Automatically transfer or calculate material, labor, and overhead costs in real-time as work orders progress, ensuring precise and up-to-date financial tracking for enhanced strategic planning.
Print comprehensive process costing reports from BOM and Manufacturing Order views, allowing for thorough analysis and insights into manufacturing costs at every stage.
Compare estimated costs with real-time costs to identify variances and inform better production strategies, improving overall operational efficiency.

Benefits

Accurately monitor material, labor, and overhead costs across all production orders.
Enhance budget management by comparing estimated and actual expenses for better control.
Track ongoing processes with live updates on costs and production status for timely decisions.
Gain detailed insights into operational efficiency to identify areas for improvement.
Automatically compute costs for materials, labor, and overhead, reducing manual errors.
Generate comprehensive reports for cost analysis, helping in strategic planning and audits.

Workflow

Navigate to Manufacturing > Configurations > Settings.
Admin selects the costing method: either "Manually" or "Work-Center".
All costing data must be input manually by the admin.
The system automatically displays the direct material cost based on the Bill of Materials components.
Admin can manually add direct material, direct labor, and overhead costs directly to the BOM.
All costs are visible in a dedicated tab for transparency and review.
When creating manufacturing orders from BOM, the system auto-fills:(1) Direct Labour Cost, (2)Overhead Cost, (3) Material Cost (based on consumed components)
Admin can also manually adjust any cost in the order.
Click "Create Work Orders" to generate work orders with costs filled in.
Upon completion, costs (material, labor, overhead) are documented in the order PDF for record-keeping.
The system calculates actual costs based on work order duration and consumed resources.
Admin enters "Overhead Costs per Hour" and "Labor Costs per Hour" in each work center.
Costs are automatically added to the BOM based on actual work center data.
Selecting a work center in BOM automatically includes associated costs.
Creating manufacturing orders triggers the system to generate costs based on the selected work centers.
As the work order progresses, costs are tracked.
Admin can update consumed quantities, which adjusts material costs accordingly.
After clicking "Produce All", the system confirms changes and recalculates total actual costs based on real resource usage.
The system provides detailed cost breakdowns in the manufacturing order PDF.
Costs include material, labor, and overhead, ensuring transparent, accurate costing for each order.

FAQ

What is Process Costing in Manufacturing?

This app helps manufacturers control costs by tracking material, labor, and overhead expenses across production and orders. It offers both estimated and real-time cost visibility, ensuring precise cost management and improved decision-making.

How does integrated cost management work?

Admins can manage direct material, labor, and overhead costs on both BOMs and production orders for a complete view of total process costs.

What costing methods are supported?

Choose between automated costing based on work center rates or manual entries for detailed customization and flexibility.

How is real-time costing handled?

Costs are automatically transferred or calculated during work order progress, providing accurate and up-to-date financial data.

Are costing reports available?

Yes, comprehensive reports for BOMs and manufacturing orders can be generated for thorough cost analysis at every stage.

Can estimated and real costs be compared?

Yes, the system compares estimated costs with real-time figures, helping identify variances and optimize production strategies.

What kind of support do you offer after module purchase?

We provide technical support to resolve installation, configuration, and functionality-related issues. Support details are outlined in our support policy. We also customize our Odoo App to meet your business needs.

Do your Odoo extensions support multi-language functionality?

Yes, our modules are designed to be multi-language compatible. Follow the provided guidelines to configure language settings within Odoo.

What versions of Odoo are compatible with your extensions?

Our extensions are regularly updated to support the latest stable Odoo versions. For compatibility details, refer to the product description page.

Reviews