Capture the cost.Connect the job.See the full cost.
Compare planned and actual cost per job, built from what your team recorded on the floor.
Recorded work becomes a clearer cost.
One job, planned against actual
Standard cost you maintain
Maintain standard costs per material.
How cost is built: standard, actuals, variance and ERP
1. Standard cost you maintain
Maintain standard costs per material.
Changes are kept in the audit history with who and when.
Overhead drivers (per line, shift or hour) are yours to define.
- Finance area
- Covers cost models, variances, work in progress, period close, COGS and ERP journals.
V5 doesn't set selling prices.
Standard · product P-55
Per 500 units
- Materials
- From standard costs
- Labour
- From your rates
- Overhead
- Per line hour
- Changes
- In audit history
- Selling price
- Not set by V5
Standard costs per material, with history.
2. Actuals from the Floor
Material actuals come from recorded dispensing.
Labour uses hours recorded or entered, as your set-up allows.
Overhead is applied from your drivers.
- Labour
- Rates and drivers are yours to set.
Confirm how labour time is captured for your workspace with us.
WO-5502 · actual
From recorded work
- Materials
- Dispensed per lot
- Hours
- Recorded or entered
- Overhead
- Applied from drivers
- Output
- 470 good units
- Spreadsheet
- Not needed
Traceable back to recorded quantities.
3. Variance Split Before Anyone Acts
Yield and material variance are shown per work order.
Price, usage and hours can be separated.
Differences are visible before period close.
- Guide
- The Manufacturing Costing Buyer Guide walks through the split with a worked job.
People decide what a variance means and what to do.
WO-5502 · variance
At close
- Price
- Small · supplier change
- Usage
- Unfavourable · 15 kg
- Hours
- In line
- Yield
- 94% vs 96–100%
- Before close
- Visible
Large differences visible before period close.
4. Passed to your finance system
Material, labour and overhead are totalled at work-order close.
Cost and variance can be passed to finance through a configured integration.
Your ERP stays the financial record.
- ERP
- See ERP integration for directions and timing.
What's exchanged with your ERP depends on the integration.
Period Close
Through the integration
- Cost per work order
- Totalled at close
- COGS
- Prepared
- Journals
- To ERP · configured
- Financial record
- Your ERP
- Savings
- Not promised
V5 records the floor; your ERP keeps the books.
Cost from Operational Records
Dispensing, completion and yield feed cost, and finance receives it through the integration.
- Yield VarianceCompare expected and actual output for each order.See Yield Variance
- This pageCost & COGSSee material and labour cost for a completed order.
- ERP IntegrationConnect V5 to your ERP as the financial record.See ERP Integration
- ProductionAllocate, run and complete work orders with consumption recorded.See Production
AI and Cost & COGS
Understand the cost basis first
Understand the cost basis first
Ask V5 how material, labour, overhead and posted variances relate to COGS. An assistant explanation is not a valuation or accounting policy.
Everything in this feature
What cost uses, and which plan each item needs. Compare plans
Cost/COGS & variance
Professional and EnterprisePer batch, lot and product.
Purchase price variance
Availability to confirmReceipt price against standard, by item and vendor.
Work orders and completion
All plansWhere actuals come from.
ERP bridge wizard
Professional and EnterpriseConnecting finance.
AI yield forecasting: coming soon, not available today. Availability to confirm: the capability exists in V5, but which plans include it, and whether it is enabled for you, is not yet confirmed — ask us. Your ERP stays the financial record. People decide on variances.
Explore the sample records.
Open a sample report to review its contents, supporting references and how the record is built.
UltimateSample report
COGS Report
Plan & make
Manufacturing Costing Buyer Guide
An 11-page guide to costing jobs you can trace: where each value comes from, how to read a variance, and what to test before you rely on it.
- Why job costs go wrong
- The cost-input map
- Units, conversions and standard versus actual
- One worked job
Plus Investigating a variance; Labour and overhead policy choices; WIP, period close, ERP, RFP questions and scored checklist.
Get the costing guideWe ask for your name and email so we can handle this request. The full guide then opens on this site, ready to translate, print or save. Privacy policy.
UltimateFree buyer guide
Manufacturing Costing Buyer Guide
Straight answers.
What buyers ask us first about Equipment & Performance.
Can V5 block an out-of-calibration scale?
The kiosk can block devices that are out of calibration, depending on how you configure it.
Does it cover planned maintenance?
Yes. Maintenance includes planned work, downtime reasons and requisitions, with OEE built from what is recorded. Maintenance and OEE are on Professional and Enterprise.
Do our machines need to connect?
No. You can record downtime and checks by hand. Device connections are optional and each one is confirmed in setup.
More of the product
Start with one area. Add the rest when you are ready.
Warehouse & TraceabilityExplore 
Production & PlanningExplore 
Quality & LaboratoryExplore 
Documents & TrainingExplore 
This feature's areaEquipment & PerformanceExplore 
Orders & IntegrationsExplore
Try it with one of your own work orders.
Start a free trial or talk it through with us. No card needed.