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Tally.ERP 9 ERP Solution for Project/ Order Based Manufacturing
Challenges faced by Project Companies • Organizations who are into Project handling or undertake Turnkey projects face multiple challenges in having project-wise analysis • It is a tough task to derive the exact costing of the project as there are direct & indirect costs are involved • Segregating the inventory cost for every project or every stage of the project is challenging because most of the times purchases are done in bulk quantities and for multiple projects at the same time.
Concept of Project Costing • There will be a unique Project Name or Project Code created • There can be different stages under a Project • Various Types of Transactions are to be tracked against the Project/ Stages of the Project. • Finally the ‘Project Costing’ is calculated based on the transactions those are ‘tracked’ against the Project
Tracking of Transactions • Similarly All Types of Transactions can be tracked against the Project / Work Order such as; • Purchase Orders • GRNs • Material Issues • Material Transfer • Material Consumption • Payments ( whichever applicable )
Project (Order) Costing : Contents • Material Cost: Costs of all materials consumed is taken into consideration as Material Cost. Material Cost also consists of Costs of the Bought-out Items which may not be used in Production Activity • Production Cost: The expenses incurred in the Production Activities are considered in Project Costing as ‘Production Cost’. This may include the cost of Consumables, Labor, Power etc. which are linked to the Production Activities
Project (Order) Costing : Contents • Direct Cost: The Direct Expenses such as Transportation Charges, Custom Duty, Freight Charges, Insurance, Octroi etc. can be separately shown as ‘Direct Cost’ in the Project Costing report. • Indirect Cost: The indirect Costs incurred for the project also can be tracked. These can be such as Project Allowances, Site Expenses, Consultancy Charges etc. • Service Cost: Some type of Service Costs can the part of a Project. This can be Outsourcing Charges, Subcontractor’s Service Bills etc.
Further Customization • In case any additional parameters to be considered in Project Costing report, we can further make the changes & make it suitable to the industries according to their requirements
Features of Project Costing Module • Module developed for deriving the Project Costing for one or multiple projects • Capable of deriving the run-time costing for the on-going projects • Costing includes Direct costs, Indirect Costs, Material Costs, Production/ Manufacturing Cost (if applicable), Bought-out Items cost etc.
Features of Project Costing Module • Project Costing for any period or as on today basis • Facility to audit the transactions which are unallocated at the time of Data-entry • Project-Stage-wise Costing & profitability • Project budgeting & Variance Analysis
Verticals which can use Project Costing Module • Order Based Manufacturing Industries • Turnkey Project Industries • Builders • Infrastructure Construction Companies • Service Industries
Our Contact Details:Prism IT Solutions Pvt. Ltd(FIVE STAR CERTIFIED TALLY PARTNER – SALES & SOLUTIONS) Pune314-A, Bharat Bhavan, 1360, ShukrawarPeth, Off Bajirao Road, Pune (India) - 411002Tel: +91 (20) 6724 6724 Mumbai28, The Platinum, Pant Nagar, Near Ghatkopar Railway Station, Ghatkopar East, Mumbai 400 077 Tel: +91 96 99 00 66 30 Email: firstname.lastname@example.org