Item c ost and profit t racking refers to accumulation of costs and revenue for a particular quantity of a stock item across various transactions. Any transaction can be tracked and subsequently referred in any transaction. This enables analysing the running cost and profitability of the item being tracked through manufacturing, sales, purchase, and so on. Item cost tracking helps you effectively track and ascertain the procurement cost, landing costs, manufacturing or production costs, order cost or profit, and job cost or profit. This feature also helps determining sale price of finished goods based on the costs incurred till date and overall profitability.
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