Cost & Cost-Price Management Module

Product information

For a manufacturing enterprise, profit doesn't just depend on sales volume — it's also determined by the ability to control cost and calculate cost price correctly. When an enterprise doesn't clearly know the actual cost of each product, order, or project, setting selling prices, assessing production effectiveness, and building a business plan all become inaccurate.

However, many enterprises still gather cost data in Excel or from many separate systems. This makes cost-price calculation time-consuming, prone to discrepancy, and unable to meet management needs as production grows more complex.

SIS Accounting Online's Cost & Cost-Price module helps an enterprise automate the entire process of gathering cost, calculating cost price, and analyzing production effectiveness on a unified platform. This lets an enterprise control cost of goods, optimize cost, and improve profit based on real-time data.

Cost control — the foundation for optimizing profit

Revenue reflects business scale, but profit is the real indicator of an enterprise's operating effectiveness. To sustainably grow profit, an enterprise needs to tightly control every cost incurred and accurately determine each product's cost price.

In reality, quite a few enterprises struggle to answer questions such as:

What is each product's actual cost price?
Which stage is generating the most cost?
Which order or project delivers high profit?
Which line item is over budget?

The main cause is that cost data sits scattered across departments such as the warehouse, purchasing, production, HR, and accounting. Without connected information, gathering cost usually takes a long time and struggles to stay accurate.

SIS Accounting Online lets an enterprise centralize all data on a single system, creating a foundation to control cost right when it arises instead of only assessing it after the accounting period ends.

Accurately gathering production cost on a unified system

To calculate cost price correctly, an enterprise needs to fully record every cost related to the production process. However, if each department uses its own tool, aggregating data takes a lot of time and is prone to discrepancy.

SIS Accounting Online's Cost & Cost-Price module automatically collects and syncs data from related modules, letting an enterprise manage all cost on the same platform.

The system supports gathering:

Direct material cost.
Direct labor cost.
Manufacturing overhead.
Fixed-asset depreciation cost.
Tools-and-equipment cost.
Other costs incurred during production.

Beyond fully recording cost, the software also lets an enterprise manage it by various objects such as product, order, construction work, project, workshop, or cost center.

This lets a manager know not just the total cost incurred but also precisely which activity it's allocated to, helping assess resource-use effectiveness and control the budget better.

Centralized management also significantly reduces repeated data entry, limits figure discrepancies between departments, and shortens period-end reconciliation time.

Automatic cost-price calculation across many production models

After fully gathering cost, the next step is determining each product's or order's cost price. This is the basis for an enterprise to build a selling-price policy, control cost of goods, and assess production effectiveness.

SIS Accounting Online automates the entire cost-price calculation process, significantly reducing manual workload for an enterprise and improving data accuracy.

The system supports several cost-price calculation methods, suited to each operating model, such as:

Job-order costing.
Process costing.
Batch costing.
Multi-stage costing.
Project or construction-work costing.

In addition, cost can be automatically allocated by criteria an enterprise sets, such as product, order, workshop, project, or cost center.

Once the calculation is complete, the system automatically:

Determines the finished-product cost price.
Transfers production cost.
Calculates cost of goods sold.
Syncs data to accounting and management reports.

With this automated processing, an enterprise always knows its actual cost price instead of waiting until period-end for figures. This is an important basis for adjusting selling prices, controlling profit margin, and improving production effectiveness.

Analyzing cost changes to improve production effectiveness

Calculating cost price correctly is a necessary condition, but to optimize profit, an enterprise needs to clearly understand why cost changes across periods.

SIS Accounting Online provides a cost-analysis tool from multiple angles, helping an enterprise quickly spot unusual line items and take timely corrective action.

The system lets you compare:

Planned cost versus actual cost.
Estimated cost price versus actual cost price.
Cost between production periods.
Effectiveness between workshops, orders, or projects.

Through analytical data, an enterprise can identify the cause of a rising cost price, such as material consumption exceeding norms, rising labor cost, underoptimized production capacity, or unusual operating cost.

In addition, the system supports setting alerts when cost exceeds budget, cost price rises unusually, or material consumption exceeds norms. This lets an enterprise proactively control risk during production instead of only discovering it after the accounting period ends.

Real-time cost and cost-price reporting

In a modern production environment, data only really has value once it's turned into reports that support decision-making. If an enterprise has to wait until month-end to compile cost and cost price, many production-optimization opportunities may already be missed.

SIS Accounting Online provides a reporting system updated in real time, letting the Board of Directors, Chief Accountant, and production managers track cost while operations are underway.

The system supports many management reports, such as:

Production-cost aggregation report.
Cost-price-by-product report.
Cost-of-goods-sold report.
Cost-by-order report.
Cost-by-construction-work-or-project report.
Profit-analysis report.

Beyond aggregating figures, the system also lets you analyze by many dimensions such as:

Product.
Product group.
Order.
Customer.
Workshop.
Cost center.
Project or construction work.
Time period.

This lets a manager quickly answer important questions such as:

Which product delivers the highest profit?
Which order has a cost of goods exceeding plan?
Which workshop generates the most cost?
Which project is over budget?
Which cost item needs immediate control?

A standout advantage is the ability to drill down from a consolidated report to each source document. This makes checking, reconciling, and identifying the cause of a discrepancy faster while improving transparency in management.

End-to-end data connectivity between production, warehouse, and accounting

Cost management won't be effective if data between departments stays disconnected. In many enterprises, the warehouse manages materials, production tracks output, HR manages labor cost, while accounting has to re-aggregate all the data to calculate cost price.

This process is both time-consuming and prone to discrepancy from repeated data entry.

SIS Accounting Online connects all data on the same platform, letting every operation update end to end from when it arises through to forming the product's cost price.

The Cost & Cost-Price module is directly linked with:

Warehouse.
Purchasing.
Production.
HR – Payroll.
Fixed assets.
Tools and equipment.
General accounting.
Sales.

When materials are issued for production, the system automatically records the cost and allocates it to the correct collection object. Similarly, labor cost, asset depreciation, or tools-and-equipment cost also update automatically according to established criteria.

With this synchronization mechanism, an enterprise only needs to enter data once but can use it throughout the entire operating process. This helps:

Reduce manual data-entry steps.
Limit discrepancies between departments.
Shorten operation-processing time.
Improve report accuracy.
Ensure data stays consistent across the whole system.

More importantly, leadership can track cost and cost price in real time, instead of waiting until the accounting period ends for figures to support management.

From cost-price calculation to profit management

Cost price doesn't just serve accounting — it's also the basis for an enterprise to build business strategy and improve competitiveness.

Once it knows the actual cost of each product, order, or project, an enterprise can accurately assess operating effectiveness and make decisions based on data rather than intuition.

SIS Accounting Online helps an enterprise analyze profit from many angles:

By product.
By order.
By project.
By construction work.
By workshop.
By cost center.

Through these indicators, a manager can easily identify:

Which product needs a price adjustment.
Which order has a low profit margin.
Which stage is driving up production cost.
Which department needs to optimize resources.
Which expense can be cut without hurting quality.

Shifting from "calculating cost price" to "managing profit" lets an enterprise stay more proactive in controlling cost, optimizing cost of goods, and improving resource-use effectiveness.

A cost-management foundation suited to many enterprise models

SIS Accounting Online is developed with a centralized-management orientation, meeting the needs of many types of manufacturing and project-based enterprises.

The system suits:

Industrial manufacturing enterprises.
Food-processing enterprises.
Mechanical and fabrication enterprises.
Garment and footwear enterprises.
Plastics and packaging enterprises.
Construction enterprises.
Contract-based project-management enterprises.

Thanks to the online platform, an enterprise can track data anytime, anywhere, and manage multiple factories or branches on the same system at once.

As operations scale up, an enterprise can also connect additional modules such as Warehouse, Purchasing, Sales, HR – Payroll, Fixed Assets, or Project Management to build a fully synchronized ERP system.

Optimizing cost and improving profit with SIS Accounting Online

As material, labor, and operating costs continuously fluctuate, controlling cost and correctly calculating cost price have become an important requirement for every manufacturing enterprise.

SIS Accounting Online's Cost & Cost-Price module helps an enterprise digitize the entire process, from gathering cost and calculating cost price to analyzing production effectiveness on a unified platform, creating a basis for controlling cost of goods and improving profit.

The standout benefits an enterprise receives include:

Fully, accurately gathering production cost.
Automatic cost-price calculation across many production models.
Real-time control of cost of goods and cost.
Analyzing cost changes to optimize production effectiveness.
Providing a multi-dimensional management reporting system.
End-to-end data connectivity between the warehouse, production, and accounting.
Supporting leadership in making decisions based on real data.

Beyond being a tool that helps accounting calculate cost price, SIS Accounting Online's Cost & Cost-Price module also helps an enterprise build a modern cost-management foundation, strengthen profit control, and improve operating effectiveness through digital transformation.