SCALABLE ERP ENGINE • SHOP FLOOR TO WIP COSTING

Manufacturing & BOM in USA — Multi-Level Recipes, WIP Cost Precision

From 1-click work order issuing and shop floor picking slips to multi-level BOM explosion, machine labor overhead absorption, scrap variance auditing, and automated Work-in-Progress (WIP) ledgers — FINAC masters factory floor control.

FACTORY ENGINE STATUS

Live Production Engine

WIP SYNCED
Active Work Orders
45 Active
1-Click Material Issue
WIP Valuation
Rs. 32.4M
Labor & Overhead Synced
Zero Material Loss • Multi-Level BOM • Job Costing
UNIFIED MANUFACTURING LIFECYCLE

From BOM Recipe Setup to Finished Goods Inventory

FINAC connects product formulas, shop floor material issues, and corporate job costing into a seamless workflow. Track work-in-progress inventory valuation live across every assembly stage.

1

BOM & Recipe Definition

Define multi-level raw material formulas, sub-assembly components, and byproduct scrap ratios.

2

Work Order & Issue

Release work orders, auto-reserve raw material stock, and print shop floor picking slips.

3

WIP Stage Routing

Track labor hours, machine overhead rates, and assembly stage completion in real-time Work-in-Progress ledgers.

4

Finished Goods GL

Transfer completed batch goods to warehouse stock and clear WIP asset accounts in General Ledger.

PROGRESSIVE MODULE CAPABILITIES

Manufacturing Built for Shop Floor Ease & True Job Costing

Discover how FINAC simplifies daily production logging for plant operators while providing industrial owners with exact job margin analysis.

Multi-Level Bill of Materials (BOM)

Formula & Recipe Management

Define complex multi-tiered raw material structures, sub-assemblies, packaging specs, and byproduct credit ratios.

  • Unlimited multi-level sub-assembly BOM explosion
  • Pre-calculated raw material requirement planning (MRP)
  • Byproduct & scrap ratio definition per recipe
  • BOM version control & engineering change order (ECO) logs
  • Unit-of-measure conversion (e.g., KGs to Bags, Liters to Drums)

Work Order Scheduling & Routing

Shop Floor Execution Control

Schedule batch production runs, issue material picking slips, and track job progress across sequential machine workstations.

  • 1-Click work order generation from sales order demand
  • Automatic raw material stock reservation in warehouse
  • Machine workstation routing & labor shift scheduling
  • Shop floor barcode picking slip generator
  • Batch lot number generation & serial number tracking

Scrap & Material Variance Audit

Material Leakage Elimination

Detect material wastage by comparing standard BOM raw material requirements against actual shop floor usage logs.

  • Standard vs actual raw material consumption variance reporting
  • Automated scrap loss journal voucher posting to General Ledger
  • Quality Control (QC) inspection checkpoints (Pass / Fail / Rework)
  • Re-work order routing & additional material issue authorization
  • Plant wastage percentage threshold alerts

Dynamic WIP & Cost Absorption

True Factory Unit Costing

Calculate true manufactured unit costs by absorbing direct labor hours, electricity, machine depreciation, and factory overheads.

  • Real-time Work-in-Progress (WIP) valuation asset ledger
  • Direct labor hour cost absorption per production batch
  • Machine machine-hour overhead rate allocation (electricity, maintenance)
  • Finished goods unit cost calculation before warehouse receipt
  • Job profitability & manufactured cost variance reports
CAPABILITY MATRIX

Everyday Shop Floor Ease vs. Enterprise Factory Control

FINAC balances daily production entry simplicity for floor supervisors with deep industrial job costing for corporate management.

Manufacturing Module Everyday Simple Function Advanced Enterprise Control
Recipe Setup Create standard raw material list per finished item Multi-level BOM explosion, sub-assemblies, versioning, byproduct credit ratios
Material Issue 1-Click raw material deduct based on work order quantity Automatic warehouse stock reservation, barcode picking slip generation
Production Routing Log batch start and completion dates Sequential workstation routing, machine-hour tracking, labor shift allocation
Cost Valuation Sum of raw material purchase costs Direct labor + machine overhead absorption, real-time WIP asset GL posting
Quality & Scrap Enter damaged/scrapped item count QC inspection checkpoints, standard vs actual usage variance, scrap loss ledgers
LIVE ENGINE SIMULATOR

Batch Completion & Finished Goods GL Posting

WIP SYNCED REAL-TIME
1. Batch Production Action
Work Order Batch: #WO-884 (5,000 Units)
Raw Material Issued: Rs. 650,000
Labor & Overhead: Rs. 120,000
Usage Variance: 0.4% (Passed)
Calculated Unit Cost: Rs. 154.00 / Unit
2. Real-Time General Ledger Posting
[DEBIT] Finished Goods Inventory + Rs. 770,000
[CREDIT] Raw Material Inventory - Rs. 650,000
[CREDIT] Factory Labor & Overhead - Rs. 120,000
[AUDIT] Work-in-Progress (WIP) Account Cleared to FG
FREQUENTLY ASKED QUESTIONS

Manufacturing & Production FAQs

FINAC allows you to create multi-level BOMs combining raw materials, sub-assemblies, direct labor, and electricity overheads. When a work order is released, raw material stock is reserved automatically.

As raw materials move through factory shop-floor stages, FINAC accumulates material, labor, and machine costs into a dedicated WIP General Ledger account. Upon completion, WIP is transferred to Finished Goods inventory asset.

Yes! FINAC tracks standard vs actual material consumption per production batch. Standard scrap percentages are factored into unit costs, while abnormal wastage alerts production managers and posts to a scrap expense GL account.

FINAC supports both Make-to-Order (MTO) and Make-to-Stock (MTS). Sales orders can trigger custom manufacturing work orders automatically, while MTS batches rely on minimum inventory safety thresholds.

Yes! Raw materials and finished goods can be tracked by batch serial numbers and expiration dates. Quality inspection checkpoints ensure defective batches are quarantined before reaching the warehouse.
ENTERPRISE CLOUD ERP

Connect your entire business with FINAC ERP

Unify your sales, purchasing, inventory, manufacturing, HR, and accounting into one real-time cloud brain — with zero per-seat user fees.

FINAC CLOUD ACTIVATION
READY
User Licensing Fee
$ 0 (Unlimited)
Multi-Branch Sync
Real-Time Cloud
Tax & IRS Status
100% Compliant
General Ledger Posting
Automated 0.1s
Enterprise 256-bit Encryption • Audit Ready
WhatsApp Chat