Costing and Pricing

Accurate Costing to Improve Your Bottom Line

Pricing & Costing: Phone in hand in foreground and automated robotic arms work on conveyor belt in background.

Embrace Costing

Embrace lets you choose costing methods and specify price breaks to best fit your industry and your business. Embrace supports unlimited costing methods and pricing scenarios simultaneously to show the effect on the bottom line. Average, actual, standard, LIFO, FIFO, and warehouse specific costing are maintained.

Standard cost and selling prices are recalculated using supplier electronic price lists, blanket orders, percentage increase, and last received price. Additional elements of cost per product, e.g. duty, surcharge, and freight, can be applied while the costs for manufactured items, including products, labor, and recoveries are all rolled up. Date-driven rates can be applied for both standard and actual costing.

Catering for all your needs, fixed asset inventories, landed cost calculations, substitute item definition, and powerful unit of measure conversion tables are all supported.

Embrace Clients Use Full Inventory Costing for the Following:

  • Inventory Valuation and Costing
  • Setting up and running different costing methods including average, actual, standard, LIFO, and FIFO
  • Setting up and maintaining vendor price lists
  • Defining multiple break and price tiers for each vendor and product
  • Performing cost and quantity adjustments for each inventory item
  • Tracking period balances and valuations on an inventory period basis

“In the past we did not have a fully comprehensive accounting and business system. Now we have a complete business system, which is integrated and linked to stock management. Embrace has grown with us. We can take on new operations and factories effortlessly,”

  Ross De Abreu - Managing Director

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