Real-time cost visibility from raw material to finished goods. Nexus gives discrete manufacturers standard costing, production variance analysis, and inventory valuation — integrated with procurement and the GL, with no manual cost accounting spreadsheets.
Understanding the true cost of each SKU — materials, direct labor, overhead, and scrap — requires data from the shop floor, procurement, and finance to come together accurately. Without this, pricing decisions are made on guesswork.
FIFO, LIFO, and weighted average costing each create different GL implications. Switching between methods or running parallel books for tax vs. GAAP requires precision that spreadsheets can't provide.
Purchase price variances, usage variances, and efficiency variances need to be calculated, explained, and reported every period. Without automation, the analysis arrives too late to drive operational improvement.
GAAP (ASC 330 — Inventory)
IFRS (IAS 2 — Inventories)
MACRS / IRS (tax depreciation)
OSHA cost tracking
True product
cost known within 24 hours of production
Inventory valuation
always reconciled to the GL
Variance reports
available on day 1 of close
See how Plurafi handles your industry's complexity