Syntech Manufacturing Finance

How it works

1. Goods receipt posts Materials / GR/IR. Approved supplier invoices clear GR/IR, post purchase price variance and VAT to payables, and create a payment request; cancelled invoices reverse. Supplier payments are matched between products, with FX differences to FX gain/loss.
2. Material issue posts WIP / Materials. Labour, machine and overhead absorption at order close uses the work center’s cost center; finished goods leave WIP at output value, the remainder becomes order variance and a closed order ends at WIP 0. Approved non-conformance scrap and stock adjustments post separately.
3. Shipment posts cost of sales or shipped not accepted. Revenue at contract price follows shipment, acceptance or the contract rule; an act is awaited only when military representative or customer acceptance is required. Advances and offsets follow the contract; payroll follows paid work centers; maintenance posts parts and work.

Decisions before go-live

Choose Perpetual (stock on the balance sheet) or PurchaseExpense; PurchaseExpense with production is refused. Stock valuation: Batch, Moving average or Standard. Supplier payments: Finance, Manufacturing or Both. Choose revenue point, absorption variance to P&L or monthly orders, overhead base (labour hours, machine hours, direct labour or materials), and opening payables, GR/IR, stock and WIP.

Month close

Variance analysis compares an order with the standard cost frozen at release. It splits material price and usage, labour rate and efficiency, machine rate and efficiency, and overhead.

The parts add up to the order variance in the ledger. Absorbed labour and overhead are compared with payroll and the actual overhead pool; the difference goes to P&L or is allocated to the month’s orders.

Choose the overhead base before go-live: labour hours, machine hours, direct labour or materials. Preview writes nothing and the month-close explanation shows the causes.

Budget and cash gaps

Sending a purchase request for approval checks free budget by cost center and P&L item in Off/Warn/Block mode. Warn continues with a warning; Block stays Draft with a reason. Final approval reserves budget until invoicing; the reserve follows lines and releases on cancel. The optional cash-gap warning (30 days by default) never blocks.

Control

The Finance link journal records each document step, state, conflict cause and remedy; fix then Retry. Mapping sections: work centers → cost centers, product account rules, contracts → projects, currencies → cash accounts. View: system administrators, finance directors, production directors. Manage: administrators and finance directors.

Requirements

SynManufacturingFinance 1.0.0 requires Syntech Manufacturing for Creatio 2.0.0 and Syntech Finance Center for Creatio 1.0.0 and licences for both; interface en/uk/ru. Each product installs independently of the link.

Capabilities

What posts where

Screenshots

Answers for finance directors

• How do purchasing, production and shipments post automatically to a management ledger? →
• Why did a production order cost more than planned? →
• How do you see each contract’s margin including variances and advances? →