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| Manufacturing |
 If
you are always or sometimes making or assembling something
in your business, AFG Accounting is the best software
solution for you.
All you need to do is define components, raw materials and
overhead costs for each product once.
Then when you enter the number of products which are made,
the system calculate the real cost of each product and adds
them to the stock and also deducts used materials and
generate all related vouchers in this process.
Maybe you don't have any production or assembling in your
business but you can still use this part of AFG accounting
software when some part of your items destroyed or damaged
or broken, because you can see this event as a
transformation.
Component Items
In this software you can define component items
(Products), and those are the items which have components.
in fact you can say each product is including what items or
raw materials.
What is software reaction when you change and update raw
material rates?
It will definitely happens in your production life and
the software reaction is very important.
 Let
me to give you an example:
A product has made, its cost is calculated from sum of its
raw materials + overhead costs. then this product has
already sold by the rate of more than its cost so it has
made some profit for you and this profit is visible in Profit
& Loss. report.
and now, you have found out the purchase price of one of its
raw material was entered by mistake and it should be
updated.
Now, the question is what will happen to the profit & Loss.
report after changing the purchase price of that raw
material?
The reaction of this software in this situation is perfect.
First of all let me tell you this software lets you to
change the old vouchers, and when you change the purchase price of that raw material, the
software starts to recalculate the cost of all products which
has made after (those are using that raw material)
according to the methods of coasting like Average, FIFO or
LIFO, then the software recalculate all profits in the sales of
that product after that date and finally you will see the hole result
in Profit & Loss. report.
Which businesses could use this part of AFG Accounting?
- If you have a restaurant and want to know how much
does each meal cost.
- If you are making or building something.
- If you are making some food products.
- If you are assembling something.
- etc.
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