Cost Accounting

Overview

What we deliver

We design and run cost accounting systems including standard, job, process, and activity-based costing under US GAAP and IFRS.

We help finance teams build cost accounting systems that reflect how the business actually operates. Our work covers standard costing, job costing, process costing, and activity-based costing, with overhead allocation rules tied to volume, machine hours, labor hours, or activity drivers. We set up bills of material, routings, and work center rates inside the ERP, and analyze variances across material, labor, and overhead. Cost of goods sold and inventory valuation align with ASC 330 and IAS 2, while segment and product-line reporting supports ASC 280 and IFRS 8 disclosure. We support transfer pricing documentation requirements for the IRS, HMRC, CRA, and ATO, and prepare margin analyses that inform pricing, make-or-buy, capacity, and product rationalization decisions. Output flows into management dashboards, board reporting, and audit working papers so the same numbers are used across the business.

Fit Check

Built for teams like yours

Who it's for

Manufacturers
Engineering and project firms
Food and beverage producers
Construction contractors
Logistics and 3PL operators

Pain points we solve

Unclear product profitability
Misallocated overhead
Outdated standard costs
Weak variance explanations
Pricing decisions made on gut feel

What's included

Capabilities

Everything we cover in this engagement.

Standard cost setup and roll
Job and process costing
Activity-based costing design
Overhead rate setting
Variance analysis and reporting
BOM and routing review
Make versus buy analysis
Product profitability modeling

How we work

Our process

A clear, predictable path from kickoff to outcomes.

01

Current state review

Map products, processes, and existing cost flows in the ERP.

02

Method design

Select costing method and define overhead drivers and rates.

03

System build

Configure ERP, build BOMs, routings, and rate tables.

04

Run and review

Close monthly, analyze variances, and refine drivers.

05

Decision support

Translate cost data into pricing, capacity, and portfolio decisions.

What you get

Deliverables & outcomes

What you get

Cost accounting policy document
Standard cost roll file
Monthly variance analysis pack
Product profitability dashboard
Overhead allocation model
Audit and tax support files

Outcomes you can expect

Sharper pricing decisions
Clear product profitability view
Reliable variance explanations
Better factory and capacity planning
Cleaner audit and tax submissions

Timeline

6 to 12 weeks for design, ongoing monthly

Engagement

Monthly retainer, Project, Sprint

Tools we use

SAP, Oracle NetSuite, Microsoft Dynamics 365, Power BI, Excel

KPIs we track

Gross margin by product, material variance, labor variance, overhead absorption, contribution margin

Client stories

What clients say

"

We were paying three agencies and a lifecycle freelancer to argue over attribution. RevoraOps absorbed all of it in 30 days, killed our worst-performing Meta ad sets, and rebuilt the welcome flow from scratch. CAC dropped 31 percent in the first full month. Honestly the relief of having one weekly call instead of four was worth it alone.

Megan W.

"

My books were 90 days behind and I was avoiding my accountant. They cleaned up nine months of mis-categorized Shopify and Stripe entries, set up proper rules in QuickBooks, and now my close lands on day four of every month. First time in three years I opened a P&L without wincing. Cash forecasting actually makes sense now.

D.R.

Proof