Page Comparison

Passive Costing describes Items with a 'Cost Method' of "Passive" to signify costs for the item Items are Items where Costs are maintained but the Costs do not post to the General Ledger as part of the NorthScope costing features. They are identified as Items with an 'Item Type' of "Inventory" and  'Costing Method' of "Passive". For these Items:

• Actual, Market, and/or Standard Base Costs are can be maintained by 'Inventory Lot'
• Layer Costs may can be manually updated
• Costs are not posted Cost data does not post to the General Ledger
• Perpetual inventory balances will include the costs that have been maintained 
• The balance balances in the Inventory Balance Sheet GL account(s) will only not match the sum of the Inventory valuation report with a manual journal entryvalue on the Inventory Valuation report unless manual journal entries are made