Cost Accounting
Know the true cost of your products
Account for not just material costs, but also labor, equipment depreciation, and utility expenses. Calculate true product cost for informed pricing decisions.
Features
Labor Costs
Track employees with hourly rates in primary and secondary currency. Calculate labor costs per unit of production.
Equipment Costs
Track equipment: purchase cost, depreciation, usage hours. Allocate equipment costs to products.
Utility Costs
Track utility expenses (electricity, water, gas). Record monthly costs and allocate to production.
Overhead Allocation
Allocate overhead costs (labor, equipment, utilities) to specific products or semi-finished goods. See full cost, not just materials.
True Cost Calculation
Automatic calculation of full product cost: materials + labor + equipment + utilities + overhead. Make pricing decisions based on real data.
Key Benefits
- True Product Cost: Calculate the real cost of each product including materials, labor, equipment, and overhead.
- Overhead Allocation: Distribute shared costs (rent, utilities, equipment) proportionally across semi-finished batches.
- Margin Visibility: See exactly how much you earn on each product after all costs are accounted for.
Cost Accounting FAQ
How is product cost calculated?
Cost consists of material cost (from the recipe) plus allocated overhead (labor, equipment, utilities). The system calculates everything automatically.
Can I track costs in two currencies?
Yes, Krafte supports primary and secondary currencies with an exchange rate. Employee rates, material prices, and costs display in both currencies.
Which plans include cost accounting?
Basic cost (material cost) is available on all plans. Overhead costs (labor, equipment, utilities) are available starting from the Starter plan.
Is cost accounting suitable for small manufacturers?
Yes. Understanding your true production costs is critical at any scale. Krafte makes it simple to track costs without an accounting degree.
Is there a free trial?
Yes, cost accounting features are available on the Professional plan, which you can try during the 90-day free trial.
How does overhead allocation work?
You define cost categories (rent, utilities, equipment depreciation) and Krafte distributes them proportionally across your semi-finished batches based on volume or time.