Product Update: Production Related Costs for Better Gross Profit & Account Configuration
Figured is a constant work in process. We’re always busy behind the scenes releasing dozens of updates to the product every week. While the majority of these updates will go unnoticed by our users, for larger functionality additions and updates we’ll be keeping you informed here on the blog with updates on the latest shiny new thing coming out of the Figured factory.
This week we’ve released two new updates to Figured that will give you more flexibility when it comes to configuring and categorising your accounts.
Production Related Costs for Better Gross Profit
You can now categorise direct costs to the tracker section of your budgets and reports, making the gross profit figures more meaningful.
A good example of this would be categorising a levy account to a tracker. This will be reflected within your budget tab and your reports, providing a tracker gross profit figure net of your levy costs for the reported period. Accounts like these make sense to place under trackers, as they are costs directly related to production.
We’ve also introduced a new tool that allows you to copy an account configuration and categorisation from one farm to another, making the setup process easier and more efficient.
This will match via account codes across farms – and copy the entire account configuration from the selected farm to the farm you’re in – so is best put to use across farms that are using a similar chart of accounts.
This is a major time-saver for those of you who set up multiple farms using the same chart of accounts. It eliminates the need to replicate the time consuming account configuration process for every farm.
You can find all this new functionality in Settings > Chart of Accounts > Account Configuration within Figured.
Remember, you can always get in touch with us with any questions or feedback via the Little Green Bubble in the right-hand corner of your screen – we’re always keen to hear from you.Tweet