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Manufacturing Process Costing with Accounting Entry in Odoo

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Required Apps Manufacturing (mrp)
Sales (sale_management)
Inventory (stock)
Discuss (mail)
Invoicing (account)
Community Apps Dependencies bi_odoo_process_costing_manufacturing
Technical Name bi_mrp_process_costing_accounting
License OPL-1
Also available in version 17.0 15.0
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Technical Name bi_mrp_process_costing_accounting
License OPL-1
Also available in version v 17.0 v 15.0

Introduction

The Manufacturing Process Costing with Accounting Entry module for Odoo enhances the Manufacturing module by providing real-time calculations for material, labor, and overhead costs. Upon completion of manufacturing orders and work orders, this module automatically generates accounting journal entries, ensuring seamless integration between production activities and financial reporting.

Key Features

  • Real-Time Cost Calculation: Automatically calculate material, labor, and overhead costs based on actual consumption and work center operations.

  • Automated Journal Entries: Generate accounting journal entries upon completion of manufacturing orders, reflecting the calculated costs.

  • Bill of Materials Integration: Define direct material, labor, and overhead costs within the Bill of Materials, which are then utilized in manufacturing orders.

  • Work Center Costing: Assign labor and overhead costs to work centers, facilitating accurate cost allocation based on actual usage.

  • Cost Reporting: Access detailed reports on material, labor, and overhead costs associated with manufacturing orders.

Benefits

  • Enhanced Financial Accuracy: Ensure precise financial reporting by automating cost calculations and journal entries.

  • Improved Operational Efficiency: Streamline manufacturing processes with integrated cost tracking and accounting.

  • Informed Decision-Making: Gain insights into production costs to make data-driven decisions and optimize operations.

  • Compliance and Auditing: Maintain compliance with financial standards and facilitate auditing processes through detailed cost records.

Compatibility & Technical Details

  • Technical Name: bi_mrp_process_costing_accounting

  • Dependencies: Requires Odoo modules: Manufacturing (mrp), Sales (sale_management), Inventory (stock), Discuss (mail), Invoicing (account).

  • License: Odoo Proprietary License v1.0 (OPL-1)

  • Codebase: Approximately 1,200 lines of code, ensuring robust functionality while remaining maintainable.

  • Installation: Install via Odoo Apps; configuration is straightforward with immediate functionality for manufacturing process costing and accounting.

Odoo Proprietary License v1.0
This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.