Know your production costs before you price your products.

For manufacturers, the difference between a profitable product and a loss-making one often comes down to knowing your true cost of production. TaxHub tracks every input that goes into a production run, from raw materials to labor to overhead, and rolls it up into a finished goods cost that flows directly into your inventory and accounts. You always know what it actually costs to make what you sell.

What's included

Bills of materials (BOM)

Define the exact raw materials, quantities, and components that go into each finished product. TaxHub uses the BOM to plan material requirements and calculate the expected cost of each production run.

Production orders and work centers

Create production orders and assign them to work centers. Track progress through the production process and record actual material consumption and labor time as production happens.

Raw material consumption tracking

Record the actual raw materials consumed in each production run. Compare actual consumption to the standard defined in the BOM and identify waste or efficiency gains.

Finished goods and work-in-progress management

Track the value of partially completed goods as work-in-progress and move them to finished goods inventory when production is complete. Your Balance Sheet reflects the true state of your production floor at all times.

Why it matters

FBR cross-references input purchases with output production for manufacturers. When your raw material purchases and your finished goods output are tracked in the same system, the numbers always add up. When they are tracked separately, reconciliation at year end is a significant manual exercise.