Page Comparison

Passive Costing is used to describe companies that want to see and manage cost data but do not want that data to describes Items with a 'Cost Method' of "Passive" to signify costs for the item are maintained but do not post to the General Ledger. In For these companiesItems:

• Actual, Market, and/or Standard costs can be Base Costs are maintained by Item or 'Inventory Lot
• None of the items are configured to post costs to the General Ledger
• Cost amounts and/or adjustments can be maintained (manual process)'
• Layer Costs may be manually updated
• Costs are not posted to the General Ledger
• Perpetual inventory balances will include the costs that have been maintained 
• The balance in the Inventory Balance Sheet GL account(s) will only match the sum of the Inventory valuation report with a manual journal entry