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- Cost Accounting
- Implementation
How a Cost Accounting rollout works
Configure cost context and rehearse the approval and release actions.
Set the cost context
Confirm organizations, pools, cost objects, ledger accounts, accounting periods and team responsibilities.
Load a baseline
Build a standard estimate with cost element lines, review its rate basis and issue it.
Enter incurred cost
Create an actual posting with account lines, then route it to Cost Controller for approval.
Review the difference
Link the estimate and posting in a Scheduled variance; have Variance Analyst inspect and release it.
Check the ledger
Review journal lines, operation receipts and the Ledger and Reconciliation page before the first period close.
What the customer provides
Bring the organization hierarchy, pool categories, cost object identifiers, standard rates, accounting calendar, chart of accounts and sample source documents. Name the people who prepare, approve and review each step. Provide a real case with a known estimate and incurred amount to test both the normal route and a correction.
Changing it afterwards
Change cost context with an owner and effective date. Keep earlier estimates and decisions traceable when rates or accounts change. Retest the approval action and variance release after changing access or source mappings. Use the data model to inspect references and roles to review decision rights.
Set up Cost Accounting your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.