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MRP Process Costing | MRP Process Costing With Accounting | Automatic Calculation Of Manufacturing Order Costing | Advanced MRP Process Costing | Accounting For Manufacturing Order With Costing

by
Odoo

127.12

v 17.0 Third Party 1
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Invoicing (account)
Manufacturing (mrp)
Discuss (mail)
Inventory (stock)
Lines of code 997
Technical Name cr_mrp_process_costing
LicenseOPL-1
Websitehttps://www.creyox.com
Versions 16.0 17.0 18.0
You bought this module and need support? Click here!
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Invoicing (account)
Manufacturing (mrp)
Discuss (mail)
Inventory (stock)
Lines of code 997
Technical Name cr_mrp_process_costing
LicenseOPL-1
Websitehttps://www.creyox.com
Versions 16.0 17.0 18.0
Community Enterprise Odoo.sh

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MRP Process Costing With Accounting


Overview

The MRP Process Costing module is designed to streamline the calculation of production costs by providing a comprehensive breakdown of Material, Labor, and Overhead costs. Users can choose between two costing methods: Manual or Work-center Based Calculation. In the manual mode, users input the costs for materials, labor, and overhead directly, ensuring full control over the values. Alternatively, the work-center-based option automatically calculates costs by leveraging pre-configured rates and parameters in the work centers, such as labor rates, and overhead allocations. Once the costs are determined, the module seamlessly aggregates them to compute the total manufacturing cost for a production order. This feature-rich module enhances accuracy, reduces manual effort, and integrates effortlessly with Odoo's manufacturing and work-center configurations, making it an essential tool for efficient production cost management.


The MRP Process Costing module not only calculates production costs but also integrates seamlessly with Odoo's Accounting module to provide robust financial tracking. If the accounting feature is enabled, the module automatically generates journal entries for each manufacturing order, ensuring that the calculated costs are reflected in the selected accounts. This includes recording Material, Labor, and Overhead costs against the respective expense or cost accounts, providing a clear financial trail.



Hot Features

Calculates Material Costing
Calculates Labour Costing
Calculates Overhead Costing
Calculates Labour Costing Automatically
Calculates Overhead Costing Automatically
Journal Entry for Total Material Cost
Journal Entry for Total Labour Cost
Journal Entry for Total Overhead Cost
Journal Entry for Total Cost


Features

Calculates Material Cost From Cost/Unit And Quantity.
Calculates Labour Cost From Cost/Hour And Duration.
Calculates Overhead Cost From Cost/Hour And Duration.
Automatic Fetch The Cost/Hour And Duration For Labour Cost From Work Center Configurations.
Automatic Fetch The Cost/Hour And Duration For Overhead Cost From Work Center Configurations.
Allows The User To Choose Whether To Create Journal Entries or not.
Automatically Creates A Journal Entry For Total Material Cost.
Automatically Creates A Journal Entry For Total Labour Cost.
Automatically Creates A Journal Entry For Total Overhead Cost.
Automatically Creates A Journal Entry For Total Manufacturing Order Cost.
User can generate the PDF report for Manufacturing Material , Labour , Overhead And Total Cost.
User Can Configure The Costing While Preparing the Bill Of Material.



Working Flow

  • User need to navigate to Manufacturing >> Configuration there user will have a menu Settings.
  • User can select the type of calculating the cost Of Manufacturing Order.
  • Now user can configure the Bill Of Material with Costing in Products >> Bill Of Materials
  • In Bill Of Materials , User can configure the Material Cost in Material Costing Page.
  • Similarly, User can configure the Labour Cost in Labour Costing Page.
  • Similarly, User can configure the Overhead Cost in Overhead Costing Page.
  • User can See the details of costing in Total Costing Page.
  • Navigating to Manufacturing >> Operations >> Manufacturing Order to create a new Manufacturing Order.
  • By selecting the Bill Of Material user can see the values of Material , Labour and Overhead Costing as per in BOM. Overhead.
  • After Creating the Manufacturing Order and Setting Up the values for costing User can see the Actual total Costing and Estimated total costing in Total Costing Page.
  • When we set the Work Center Base calculations in Manufacturing >> Configuration >> Setiings.
  • Set up the Costs for Work Centers in Manufacturing >> Configuration >> Work Centers.
  • In Manufacturing Order , After Selecting the Bill Of Material, It will fetch the cost from Work Centers.
  • And show the Estimated Total cost in Total Costing Page.
  • After the Completion of the work centers , it will Calculate the Actual Hours for Labour costing and Overhead Costing.
  • And Show the Estimated Cost and Total Cost in Total Costing Page.
  • In Manufacturing >> Configuration >> Settings Enable the option for Accounting and Configure the Accounts.
  • It Will Create the Journal Entries Automatically for Configured Accounts, you can see that in Invoicing >> Accounting >> Journal Entries
  • User can Download the PDF report for the Costing details in , action >> Print >> MO Costing Report

Our Services

  • Yes, this app will calculate the overall Manufacturing order cost.
  • Yes, the accounting integration is optional. If disabled, the module will only calculate costs without generating journal entries.
  • Yes, you can specify the accounts for Material, Labor, and Overhead costs in the module’s settings. This ensures alignment with your company's chart of accounts.
  • Yes, The report includes Material, Labor, and Overhead costs, along with the total cost.
  • Yes, this app works perfectly with Odoo Enterprise (Odoo.sh & On-Premise) as well as Community.
  • No, this app will not work for Odoo Online.
  • Please contact us on support@creyox.com
  • Yes, we give free support when you buy these app for 60 Days.
  • Yes, you need to pay different prices of app version wise.
  • You can raise a Ticket on support@creyox.com we'll get back to you with fixes.

Our Services

Odoo Proprietary License v1.0

This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.

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