What is Cost accounting?
Cost accounting is determining the costs of products, processes, projects, etc. in order to report the correct amounts on a company’s financial statements and assisting management in the planning and control of the organization, preparing special analyses that assist in making the best decisions.
Special analyses include cost behavior, cost-volume-profit relationships, make or buy decisions, selling prices for products, activity-based costing, and more. Cost accounting had its roots in manufacturing businesses. Cost accounting assists management to plan and control the business through budgeting for operations, capital budgeting for expanding operations, standard costing and the reporting of variances, transfer pricing, etc.
Here you are going to learn about the steps to generate Monthly Cost Report.
Step 1: Login with Fresa Gold and select the Accounts module(Fig-1).
Step 2: Select General-Accounts option in the accounts module(Fig-2).
Step 3: Select Monthly Cost Report(Fig-3).
Step 4: Select the date range and click submit button(Fig-4).
Step 5: Monthly Cost Report will be displayed on the screen(Fig-5).
Step 6: You can download the report by selecting options and then click download button(Fig-6).
I hope you got an idea about how to generate a Monthly Cost Report.
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