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Active Costing is used to describe companies that want to see and manage cost data but do not want that data to post to the general ledger. In these companies:

  • Actual, Market, and/or Standard costs are maintained by Item or Lot
  • None of the items are configured to post costs to the general ledger
  • Cost adjustments are maintained (manual process)
  • Costs are not posted to the General Ledger
  • The balance in the Inventory Balance Sheet account(s) will only match the sum of the Inventory valuation report with a manual journal entry

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