Answer:
There are three different statuses a chart of accounts code can have:
A – Active – This status allows transaction entry to the account code. Active codes will appear on reports.
I – Inactive – This status is used for codes that are not used regularly for transactions, but you still may want to use them at some point. A warning message appears when an attempt is made to use an inactive code. You can still use the code after the warning message. Inactive codes appear on reports.
D – Discontinued – This status is used for codes that are no longer used. The system does not allow transaction entry to a discontinued code. Discontinued codes also appear on reports.
Additional Information:
