ABC
The Accountant's Dictionary
Fri, Jun 19, 2026
ABC usually refers to activity-based costing, a costing method that assigns overhead based on the activities that drive cost.
What ABC means in business operations
ABC is explained here in the context of real finance, payroll, HR, and ERP workflows. This definition is written for business users who need practical understanding that supports implementation, reporting, approvals, reconciliation, and policy decisions.
If you are reviewing related concepts, continue to the The Accountant's Dictionary, browse ERP articles on the Eprecus blog, or explore the Eprecus ERP platform overview.
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ABC
ABC usually refers to activity-based costing, a costing method that assigns overhead based on the activities that drive cost.
Why it matters
ABC matters because finance and accounting teams rely on shared definitions to post transactions correctly, interpret reports consistently, and apply controls with less ambiguity.
How teams use it
Accountants, finance managers, controllers, auditors, and operations leaders use ABC in bookkeeping, reconciliations, budgeting, reporting, close routines, audit preparation, and financial decision-making.
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