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Passive 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 can be maintained by Item or Lot
  • None of the items are configured to post costs to the General Ledger
  • Cost amounts and/or adjustments can be maintained (manual process)
  • 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

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