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 Profectus now offers an easy way to prepare your budgeted hourly cost rates. Our new Budgeted Hourly Cost Rates software simplifies the task of calculating budgeted hourly cost rates for your equipment. The Cost Rates Advisor is easy to use, "Cloud" software designed for the printing and packaging industry. Determining your hourly cost rates no longer needs to be a difficult and time consuming task. The Cost Rates Advisor was developed based on proven cost accounting principles, best practices, and standards used by industry leaders and experts.
Click Here To Learn More About Budgeted Hourly Cost Rates Software
Cost Accounting Practices Consulting In the era of increasingly thin margins, fast and effective management of pricing policies is critical
to your ability to prosper in your marketplace. The problem is trying to maintain a cost structure that
reflects your current costs and productivity is often a tedious and overwhelming task.
Profectus' expert consultants can solve your cost accounting problems by providing a proven closed-loop
approach for measuring your costs, establishing hourly cost rates, tuning your estimating and costing
systems, recovering all of your expenses with sales, and determining your "True Costs". We provide
insight to all of your costs and activities that impact your bottom-line.
One of Profectus' expert consultants will conduct a series of on site meetings and interviews with your team
to evaluate your cost accounting practices. When the on site analysis of your costing practices is complete,
the consultant will write a detail findings report containing recommendations for embracing
best practices, streamlining cost accounting processes, and maximizing the capabilities of your
management system for capturing and reporting costs.
Our recommendations are backed by first hand
exposure to hundreds of printing organizations and situations, and
our extensive industry experience in management, production, operations, technologies, and systems.
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Profectus' Cost Accounting Practices consultation
includes a complete analysis of the following: |
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Cost accounting and invoicing practices, processes, procedures, and workflow |
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Accounting and invoicing department structure and the responsibilities of management,
job costing staff, and others involved with the cost accounting and invoicing processes |
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Cost accounting and invoicing forms, reports, documents, and other related
communications means including production time cards,
job cost reports, estimated verses actual reports, invoices, and
work-in-process reports. |
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Communicating job information to the billing
department, identifying and tracking jobs ready to bill, billing turnaround cycles, establishing the job
bill price, and preparing bill/invoice documentation. |
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Accuracy of capturing labor and equipment time, material transactions, production
counts, and other cost information |
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Accuracy of capturing chargeable and non-chargeable production activities, labor hours,
product quantities, good and bad material consumption, and costs. |
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Methods of analyzing and measuring individual job costs and profitability including
auditing captured data, identifying missing information, editing or making corrections, and closing out
jobs. |
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The utilization of information technology and the internet for collecting job costs and
invoicing customers including the setup of cost centers, operation/process codes, and shop floor data
collection |
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Complete this form for a FREE consultation or additional information
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