
Originally published: 23/08/2024 18:26
Publication number: ELQ-71840-1
View all versions & Certificate
Publication number: ELQ-71840-1
View all versions & Certificate

Automatic Batch wise Production Costing and Inventory Tracking Excel Spreadsheet
Optimize batch production with this Excel module: automated costing, inventory management, and production tracking for efficient manufacturing processes.
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Description
Unlock the full potential of your production processes with our expertly crafted Excel module, designed for seamless management of batch production, raw materials, labor costs, and financial reporting. Perfect for manufacturers, this tool simplifies complex workflows, ensuring you stay on top of every detail from raw material intake to sales reporting.
Key Features:
Unlock the full potential of your production processes with our expertly crafted Excel module, designed for seamless management of batch production, raw materials, labor costs, and financial reporting. Perfect for manufacturers, this tool simplifies complex workflows, ensuring you stay on top of every detail from raw material intake to sales reporting.
Key Features:
- Automated Production Tracking: Easily manage batch production with real-time updates on work-in-progress (WIP) and completed batches. Input batch details and let the module handle the rest, from material consumption to labor costs.
- Effortless Material Management: Track raw material receipts, consumption, and stock levels with automated reports that provide a clear view of your inventory. Stay informed about your stock status, ensuring you never run out of essential materials.
- Labor and Overhead Cost Allocation: Simplify labor cost tracking and fixed overhead (FOH) allocation with dedicated sheets that automatically calculate and apply costs to the appropriate batches, enhancing your cost accuracy.
- Comprehensive Financial Reporting: Generate accurate batch-wise profit statements and income statements with minimal effort. This module ensures all financial data is up-to-date, providing you with clear insights into your profitability.
- Sales and Profit Indications: Monitor your finished goods and sales with ease. The module updates your stock reports, profit margins, and income statements automatically, helping you make informed business decisions.
- User-Friendly Interface: Designed with simplicity in mind, even complex production tasks become straightforward with this intuitive module.
- Time-Saving Automation: Reduce manual data entry and focus on growing your business, while the module handles calculations and updates.
- Enhanced Accuracy: Ensure precise cost tracking and financial reporting, minimizing errors in your production management.
This Best Practice includes
Raw Material and Finished Goods Stock Report, Production Sheet, Sales Sheet, Batch wise and combine Income Statement.