What if I told you that everything you learned in school was wrong.. Ok, not everything but most things as it relates to accounting in manufacturing. Let's dive into the three most common myths people have about accounting in manufacturing - myths that, often throw your business off balance and create major problems.
Inventory is an asset
Direct labor is consistent
Making (or Buying) more...
Tag: Production
January 25, 2019
(Myth-busting) 3 Common Accounting Myths in Manufacturing
by Colin Quinn
March 19, 2018
Why now is the best time for Manufacturers to upgrade to Deltek Costpoint
by Colin Quinn
There are many reasons to upgrade from GCS to Costpoint but for manufacturers, the benefits gained by migrating systems remains unparalleled.
GCS Premier does not support manufacturing, not even the basics. Most GCS users are forced to use an outside manual solution to address there manufacturing needs. However, in GCS you can order and stock inventory, but the functionality of the bill of materials is not nearly...