Production

January 25, 2019

(Myth-busting) 3 Common Accounting Myths in Manufacturing

by Colin Quinn

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┬áthat, often throw your business off balance and create major problems. Inventory is an asset Direct labor is consistent Making (or Buying) more reduces per-unit costs Myth No. 1 – Inventory is an Asset…

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 as vast, capable, or customizable as in Costpoint.…