Activity-Based Costing/Management Software Basics

Business.com / Financial Solutions / Last Modified: February 22, 2017

Activity-based costing/management software is designed to analyze all costs and issues of a specific job. This software is used for ...

Activity-based costing/management software is designed to analyze all costs and issues of a specific job. This software is used for construction jobs, manufacturing jobs and many others. Activity-based costing/management software basics include software and options available with the software. Any company that handles individual jobs can benefit from activity-based costing/management software options.

Open source, activity-based costing/management software is used by many companies wishing to cut costs. This software is free to use and is downloadable for instant access. Activity-based costing software, also called ABC software, is costing software that allows users to analyze the exact cost of a project, including the cost of labor, supplies and any other fees that arise. Management software covers the inventory, supplies cost, time, cost and all other aspects of managing a specific job or project.

1. Find open source activity-based costing/management software.

2. Purchase activity-based costing software.

3. Locate activity-based management software.

Download open source ABC costing software

Open source programs are free to use and are generally downloaded from the Internet. Open source ABC costing and management software is often a good option for a new company that wants to save money. The downside of open source programs are that they often lack the customer support and warrenties that come with stand-alone software packages.

Buy activity-based costing software

Activity-based costing software provides tools that analyze and keep track of costs by job description or category. This software may include some management aspects, but it is centered around the cost of the job. This is a good tool to use when trying to cut costs or see where any money drains exist within the company.

Find activity-based management software

Activity-based management software is generally more comprehensive than activity-based costing software. Management software tracks all aspects of a job, instead of just focusing on cost. This software is larger in size than costing software and ranges in price.
  • Most suppliers of ABC costing software provide online demonstrations, tutorials and manuals. If you are unfamiliar with any of these software options, companies often provide free software trial periods to test if the software is right for your company.

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