Variances are a big problem for cost accountants. They threaten profitability, and it can be time-consuming for the accounting staff to analyze and reconcile them. It takes a lot of deep digging to uncover the reasons for the variances, so red flags go up whenever variances become unreasonably high. In this webinar, Don Lindsey gives both accounting and non-accounting folks an overview of the types of variances and how QAD processes data for variance reporting. He discusses…

•   Purchasing and Account Payable Variance •   Work Order Variance •   Rate and Usage Variance •   Method Variances •   Standard Cost Processing

•   How Multiple Sites can effect variances •   Scrap and Labor Reporting (including non-productive hours) •   Outside or sub-contract processing •   Work Order Accounting Close •   And, more

You’ll also be interested in these supplementary videos:

• Using QAD Cost Reports to Understand Variances
• Origins of Accounting
• How to weed out the invalid variances before closing Work Orders

You’ll also be interested in these additional webinars:

• End the Nightmare of Work Order Closing

• Show Me the Money – Insights for Supply Chain Players

• The Guts of MRP

• Forecasting—What Does the Future Hold?

• Using Simulation Forecasts in QAD

• All Past Webinars

Additional Resources:

• Mid West QAD User Group

• Labor Feedback Data Loader

Questions from the webinar