Rating: 4.9. Number of organizations: 87

Countries: All
Operating system: Windows, Android, macOS
Group of programs: Business automation

Software USU

Accounting of finished products

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  Who is the developer?

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Accounting for the organization's finished products is very important. Without this operation, it is impossible to achieve significant results in attracting customers and transferring them to the category of regular customers. The ready-made goods inventory is recorded on a company’s income statement as a short-term or current asset, as it is assumed that the finished goods will be sold within a year. At the end of the accounting period, the finished goods inventory is usually combined with raw materials and work in process under one single ‘Inventory’ line on a company’s balance sheet. Calculating the value of ready-made goods inventory can help business owners better understand the value of their inventory and record that value as an asset on the business’ balance sheet. Knowing the true value of manufactured stock is an important factor in reducing wastage of materials, determining profitability, and optimizing inventory management processes.

The need for accounting of finished products arises in the organizations of those branches of the sphere of material production, where the main object of commercial sales is goods having a pronounced material-material form. In organizations of other industries, the cost (and sales value) of the work performed and the services provided are taken into account. Finished goods are the final product of the production process of the enterprise. These are products manufactured at the enterprise, fully staffed, delivered to the warehouse of the enterprise in accordance with the approved procedure for their acceptance and sale.

Who is the developer?

The main feature that distinguishes the accounting of finished products from the accounting of works and services is that the accounting procedures cover at least three stages of the production and sale: its post-entry at the end of the production cycle and delivery to the warehouse, storage in the finished goods warehouse. The results of the performed works and rendered services for warehouse accounting do not pass, but are written off directly to the accounts of sales and accounts receivable as these works and services are transferred to customers (when processing the acceptance certificate for work performed or other similar document).

Accounting for ready-made goods (works, services) is the reflection of business operations at the last stage of the production process during the sale of products (works, services). Correct and prompt formation of relevant information at this stage allows the management of the business entity to manage the available material and financial resources most effectively and minimize the risk of tax violations.

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Who is the translator?

Correctly carried out accounting of finished products in a certain country must be carried out according to the norms and rules of legislative acts of this country. To do this, you need to download software created by the specialists of ‘USU Software’ project team. With the help of our software, the organization of accounting of finished products will go smoothly and without problems. You will not find yourself in a critical situation, as artificial intelligence will help employees in their direct work duties. Our application operates in a multitasking mode and covers all the needs of a corporation.

The software for accounting of finished products of the organization has at its disposal a huge number of tools that allow you to visualize the workflow at the proper level. In addition, the user can upload their own pictures and use them without restrictions. For this, a specialized accounting unit is provided that is responsible for receiving information materials. All available pictures in it are classified into groups, which is an undoubted advantage. The application has a huge variety of user space design skins. An employee can choose the most suitable skin and use it as much as necessary. You can easily change the theme and use another one if you want. You will be able to bring the organization of accounting for the sale of finished products on automated rails. To do this, it is enough to download our software and start its uninterrupted use. The finished products will be checked at the proper level with the help of an advanced complex from the 'USU Software'. This program allows you to customize the graphic elements, which is an undoubted advantage of the application.

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Buy a ready-made program

Also you can order custom software development

If you have special software requirements, order custom development. Then you won’t have to adapt to the program, but the program will be adjusted to your business processes!

Accounting of finished products