Inventory & Product Costing

ACCOUNTING FOR INVENTORY AND PRODUCT COSTING

Inventory management software helps you identify inventory requirements, set targets, and report actual and projected inventory status. Many companies suffer from poor inventory control which leads to inefficiency and wasted capital expenditures on products that sit on the shelf. With the right software and techniques, you can optimize your inventory levels, eliminate stock-outs, increase sales, and squeeze the most out of your supply chain. Bizztec provides a real time, interactive picture of how inventory flows through your organization and is fully integrated with the accounting system to provide you with a 'big picture' view of your business - in real-time.
 
Bizztec's fully integrated Inventory and Product Costing module keeps you on top of your Inventory and Gross Margins per product
  • Maintain an accurate inventory of all products, prices and period ending totals
  • Simple and easy method to accurately costing your products
  • Automatically update all your product costs as product prices change
  • Automatically calculates cost when product is sold and adjusts inventory in real-time
  • Print easy to read product construction sheets for every price list item with instructions and other information important to managers and staff
  • Calculate the product cost percentage and gross margin of each item on your price list as well as the averages for each price list category
  • Determine the "theoretical product cost" based on how many of each item you sell.

Do you operate a Restaurant or Hotel??  Bizztec has a comprehensive restaurant inventory, recipe costing and food cost control function. Written by food service professionals for food service professionals, it features:

  • Food and beverage cost control

  • Inventory tracking and reporting

  • Ordering and purchase history

  • Recipe costing, resizing and write-up

  • Menu sales and profit analysis

Use Bizztec's restaurant software to:

  • Reduce food and beverage costs

  • Detect theft, over-portioning and creeping vendor prices

  • Cost and re-cost recipes as ingredient costs change

  • Determine menu item profit contribution and other sales analyses

  • Reduce stock levels and order more accurately 

 

Bizztec's inventory and cost control is flexible, comprehensive and universal and can be used in a variety of manufacturing and inventory intensive business environments:
  • Bakeries
  • Bars
  • Casinos
  • Chain Restaurants
  • Coffee Shops
  • Commercial Cooking
  • Culinary Schools
  • Grocery stores
  • Convenience Stores
  • Auto repairs
  • Gas stations
  • Event Caterers
  • Fast Food / Quick Serve Restaurants
  • Full Service / Fine Food Restaurants
  • Hospitals
  • Hotels
  • Institutional Caterers
  • Night Clubs
  • Nursing Homes
  • School Food Service
  • All businesses where inventory usage is involved

FUNCTIONALITY

Bizztec Online

Foreign Currency

Inventory & Product Costing

Report Writer

Budgeting

Company Consolidation

Variable Consumer Tax

Daily Scheduler

System Log

Memorize Transactions

Customized Reports

 
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