Manufacturing Financial Accounting Software

Manufacturing accounting software manages all of the financial transactions and operations for a manufacturing firm. Systems developed specifically for manufacturing will offer much more functionality than general accounting programs such as Quickbooks, Peachtree, and Simply Accounting. Key features found in manufacturing accounting systems include support for sales orders, purchase orders, change orders, and Work-In-Progress (WIP) reports.

For engineer-to-order and make-to-order manufacturers, job costing modules are especially beneficial. These modules help manufacturers track actual project costs by materials, equipment, and labor, and then compare those actual costs to estimated costs to determine cost overruns. Generic accounting packages typically do not offer the job costing detail that manufacturers need.

Finally, most manufacturing accounting systems are offered in a suite of modules that typically include CRM, MRP, and job shop software. This complete suite of modules is often referred to as ERP (Enterprise Resource Planning) software and can manage the entire operations of an enterprise.