Accounting software for manufacturers in Egypt

A factory needs two kinds of system: financial accounting (ledgers, tax, payroll, assets, statements) and production management (bills of materials, production orders, work-in-progress costing). Cutme Accounting covers the first for Egyptian manufacturers. It does not include bills of materials, production orders or MRP, so it fits factories that keep production records elsewhere or have simple processes.

What a manufacturer's books have that a trader's do not

• Significant fixed assets — machinery, moulds, vehicles, buildings — that must be depreciated every month.
• A larger payroll, often with production workers, subject to social insurance and salary tax.
• Costs that belong to specific lines, products or sites, which owners want to see separately.
• Raw materials bought with input VAT and finished goods sold with output VAT.

How Cutme Accounting supports it

• Fixed-asset register with straight-line or declining-balance depreciation, monthly depreciation runs that post the journal entry, and disposal that posts the gain or loss.
• Payroll with Egyptian social-insurance and salary-tax brackets, posting one journal entry per pay period.
• Cost centres to tag manual journal entries by line, product group or site, with a profit-and-loss report per cost centre.
• Budgets per account compared with actuals.
• VAT return and withholding report from the ledger.
• Inventory module for raw materials and finished goods, valued at moving weighted-average cost.

Recording production cost without a production module

Because Cutme has no production orders, the cost of what was produced is moved in the books by journal entry: at month end, the materials issued, the direct labour and the overhead you allocate are transferred from their accounts to finished-goods inventory, tagged with the cost centre of the line. It is a manual step, but it gives a correct balance sheet and a profit-and-loss view per line.