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Penny difference on PO Invoice Match Receipt

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Posted on by Richard Wheeler

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Client enters a PO invoice match for $2,671.05. The vendor offers a payment term of 1%10/Net 30. What posted was $2,671.06 to accrued purchases and $0.01 to inventory.

This happened months ago and we just noticed this because the end of the fiscal year is tomorrow.

Has anyone else seen a rounding issue like this before?

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Microsoft Dynamics GP

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Shannon Aune on at

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Hi Richard,

I could see this occurring if the Shipment Receipt was posted for $2671.06, then the Enter/Match Invoice was posted for $2,671.05, the $2,671.06 would post as a Debit to Accrued, while the Credit of $0.01 would post to inventory.

Is this the scenario of what occurred in your case?

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Richard Wheeler 75,850 Moderator on at

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This is scary. On the shipment receipt it is qty 2 x $1,335.53 = $2,671.06

On the invoice receipt it is qty 2 x $1,335.53 = $2,671.05

So that is where the penny is coming from but clearly the invoice receipt is wrong.

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