A manufacturing company has many divisions that require expenses and can generate profit. However, in addition to these indicators, other features of the activity must be taken into account.
To cover the entire range of work, manufacturing reports are compiled.
Concept
Management accounting of manufacturing activities covers all aspects of the enterprise. Finoko offers software that will help control the following areas:
- Budgeting, where there is detailed information on all expense and income items.
- Analytical tools that help in forecasting the situation, giving an understanding of the capabilities of the enterprise.
- All current and unforeseen costs are taken into account so that the entire financial plan can be adjusted.
- There is a financial analysis block to evaluate historical, current data and predict future ones.
Features of documents
There are several types of documents included in the production reporting system:
- Analyzing cash flows, where the generation of finances and expenses for all the needs of the enterprise are precisely determined.
- Information, where information is compiled on the daily activities of the company, production factors, the state of labor resources are taken into account.
- Analytical reports not only bring together all the information, but also allow developing a strategy for action, provide an understanding of the causes of phenomena at the enterprise related to its activities.
- Statutory reports are designed to show how much the enterprise’s activities comply with legislation and regulations.
- Labor reporting tracks the work of personnel, their efficiency.
Each report is part of a system that determines the work of the enterprise as a whole and allows you to get an objective picture of the results of activities.
