Financials Expert Posts New Article — “Leverage the Benefits of Period-Based Accounting for Special Make-to-Order Manufacturing Scenarios”.

FOR IMMEDIATE RELEASE
Dedham, Massachusetts, United States of America (Free-Press-Release.com) January 11, 2012 -- This article focuses on companies that operate a make-to-order manufacturing strategy, producing and selling items that have multiple variants, many times customer-specific, customized options. Make-to-order products are typically accounted for as individual lots, meaning the cost object used to manage and collect costs is the production order, as it is difficult to have one standard cost for all product variants.

Using an integrated SAP ERP implementation, a make-to-order manufacturer can use a product cost collector to create a quarterly accounting model rather than a single lot based model, thereby reducing the amount of entries and speeding up the accounting process.

Learn how to use the product cost collector in SAP ERP to make quarterly cost analyses of make-to-order products. Bob Croce, product director of SAPexperts comments, “Customers increasingly want customizable products, forcing companies to determine the most efficient accounting and production methods that will satisfy demand while keeping prices reasonable.”

The article is written by Muralidharan Sethuraman.
The article abstract is located at: http://www.financialsexpertonline.com/article.cfm?id=6240

About the Author:

Muralidharan Sethuraman is a principal SAP FI/CO consultant at Infosys Limited. He has more than 11 years of industry experience and more than seven years of SAP consulting experience with Infosys. He has handled lead roles in multiple end-to-end SAP implementation projects and provides consulting in the area of financial accounting, business planning, product cost management, and controlling for multiple clients in the manufacturing domain. He holds a bachelor’s degree in engineering and an MBA in finance.

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