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Cost Control
Relying on your company's accounting system for cost reporting? Not getting the reports you want? That's because it's an accounting system and not a cost control system.
We make a separate cost control system in Excel, Access or the simplest software that can perform well in the Critical Path Management project. The cost data will be imported from the accounting system to the cost control system, and customized reports will be generated in the cost control system. The cost control system provides detailed, accurate, transparent cost reports that match the accounting system to the dollar. Any problems that the accounting system presents can be solved in the cost control system. Example: If the accounting system only generates cost information in a raw cost form, the cost control system can add any burdens needed automatically to get direct cost (add fringe) or total cost (add fringe, overheads, cost of money, etc.) If the accounting system does not include fields for service date or service month, these fields can be added. Invoices can be split in the cost control system and the costs placed in the correct task numbers for project control's analysis.
Our Cost Control Systems are not shadow systems. They do not require separate data entry from the accounting system. Our cost control systems will also never deviate from the accounting system, they will match transaction for transaction. Our cost control systems are extensions of your company's accounting system to perform cost control activities.
Cost review meetings are paperless, relying only on a PC and a projector. Costs are reviewed and error-corrections made directly into the cost control system. No paging through computer print outs, no submitting corrections to accounting and running reports later to see the corrected results. Everything occurs at real time.
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