Bread Production Costing and Accounting

BakerMITS Bread Production Costing and Accounting Solution

Automated Production Costing and Accounting Solution for Bakery

 

Costing and Accounting Software for Bakery

BakerMITS Bread Production Costing and Accounting Solution for Bakery

Do you know exactly how much it costs you to produce a loaf of bread?

Before you attempt to answer this question, remember that you will have to take the following into consideration:

  • Raw Materials Cost
  • Labour Cost
  • Other Direct Cost
  • Overhead Cost
  • Depreciation on Machinery

Now, take a look at the two tables below: The first table shows computed unit cost for a 900 gm loaf of bread with 1 bag of flour (50 Kg), while the second table shows the unit cost of 900gm loaf of bread with 10 bags of flour. What is the difference?

Bread Production Cost with One Bag of Flour

Bread Production Cost with Ten Bags of Flour

These Tables hold two important secrets, which we will leave for you to figure out... But, of course, you are free to contact us.

The truth is, no matter how meticulous you are, your manual computation result will always be off the mark. For accurate and stress-free costing, you need a tool that can automate costing and accounting procedures involved in the production of bread. That is why we decided to create BakerMITS—automated production costing and accounting solution customized for Bakeries.

Manufacturing Accounting Workflow

BakerMITS is fully automated to capture all the cost components involved in the production of bread, confectioneries and allied products—from Bill of Materials, through Work-in-Progress and move the finished goods to Inventory automatically—with all the relevant accounting entries. The only manual intervention required in the whole process is just the click of a mouse. The system allows you to create reusable template for each of the goods you manufacture.

ABC Toolkit Bill of Materials Processing

Note that BakerMITS is, first and foremost, accounting software that complies with the International Financial Reporting Standards (IFRS). And that means, apart from production and cost control, analyses and reporting tools, you also have standard tools to account for your Income & Expense (including sales and purchases), your Fixed Assets, Inventory of Raw Materials and Finished Goods, as well as the benefit of all standard accounting reports, such as Trial Balance, Balance Sheet, Income Statement, Statement of Account, Sales & Purchases Journals, etc.

Bread Production Cost Report

Production Schedule showing Cost and Profit Margin, among others...

How we can Help You

  • We will install and configure BakerMITS on your computers
  • We will set up your Raw Materials and Finished Products inventories, along with other relevant parameters
  • We will design and create Bill of Materials base template for each product you manufacture
  • We will give you a few hours training on how to use the system to cost, manufacture, sell and account for your goods, in line with the international best practices.

All you will be required to do after that is to simply click the mouse…and everything will flow into the right place. The system will automatically make the right accounting entries, update inventory, etc.

The BakerMITS Packages

BakerMITS Bakery Costing and Accounting Software

BakerMITS is available in Basic, Standard and Professional Editions.

  • The Basic Edition comes with automated Bill of Materials Processing and Control, along with standard accounting tools
  • The Standard Edition comes with Fixed Assets management module, in addition
  • The Professional Edition comes with integrated Payroll and Timesheet, in addition to all the other features.

The system can also be priced and deployed either as single-user or client-server multi-user application.

Remember, it does not matter whether you are manufacturing at industrial scale or from your kitchen—the result is the same: If you cannot determine what it costs you to produce a product accurately, you will, certainly, not be in a position to know how much profit or loss you are making until, perhaps, things get out of hands. Now, you have no excuse to let that happen to you.

PURCHASE REQUEST

 

If you cannot determine exactly how much it costs you to produce one loaf of bread per production run, then you are probably depending on guesswork. And that is very dangerous for the present and future of your business.

Remember, it does not matter whether you are manufacturing at industrial scale or from your kitchen—the result is the same: If you cannot determine what it costs you to produce a product accurately, you will, certainly, not be in a position to know how much profit or loss you are making until, perhaps, things get out of hands. Now, you have no excuse to let that happen to you.

BakerMITS is fully automated to capture all the cost components involved in the production of bread, confectioneries and allied products—from Bill of Materials, through Work-in-Progress and move the finished goods to Inventory automatically—with all the relevant accounting entries.

 

Make the call now:

+234 (0) 809 812 9605

+234 (0) 803 402 2659

+234 (0) 806 904 5684

Or send us a mail:

PURCHASE REQUEST