Why operations and finance pick Virtuoso
Actual costing only works when the underlying operations data is clean, granular, and traceable. Virtuoso’s document-driven model captures every material issue, work-order labor record, and overhead posting at the right analytical level — so cost is a calculation, not a reconciliation.
What you get
- Costing on any date, plus full period costing — interim costing uses actual material consumption with planned algorithms for the rest; period close produces the full actual calculation.
- Three cost levels per item — direct, production (with allocated general production overhead), and full cost.
- Granular cost accumulation — by workshop, item, and cost item; transport-procurement, utilities, auxiliary production, and overhead each in their own bucket.
- Allocation that matches accounting policy — transport/procurement to consumed inventories, utilities by metering or driver, overhead and admin/sales by allocation base.
Capabilities
Cost accumulation
- Production accounts (main, auxiliary, overhead) with analytical dimensions for address (workshop), item, and cost item.
- Transit accounts for transport/procurement and energy resources before allocation.
- Auxiliary production overhead and general production expenses isolated cleanly.
Calculation steps
- Actual costing as of any selected date, using planned algorithms for unfinished items.
- Full actual costing at period close.
- Direct, production, and full cost calculated per item.
- Comparison against planned cost calculations, line by line.
Allocations
- Transport/procurement expenses spread across consumed inventories.
- Utilities allocated from invoice transit account by driver or metering.
- Auxiliary production overhead distributed to consuming workshops.
- Administrative, selling, financial, and other expenses applied to full cost.
- Second-stage packing/repacking costing.
- Payroll allocation from work orders.
Outputs
- Production postings reflecting actual cost into financial accounting.
- Factory goods balance updated with actual values.
- Variance analysis vs planned cost — by costing item, workshop, and period.
Outcomes
- Margin reports that survive board-level scrutiny.
- Variances that point to the right operation — not the wrong period.
- Inventory valuation that matches what was actually consumed.
- A defensible audit trail from cost figure to source document line.
Compare planned vs actual on your products in Virtuoso. Book a working session →