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Hi,
I need help on Reconciling my PO Price with Invoice Price. I have a PO where item cost $10 (hence received & accounted durig Product receipt at $10) but the invoice received from supplier is $11 (I have not recorded). As I know there is no field where I can enter the invoice amount when I Invoice a certain PO. It always follow the PO Price. How do I go about this issue?
Hope to get your advise on this.
Thanks,
Pam
Hi Satish,
Managed to follow your example here. Thanks for your help.
Thanks,
Pam
Hi Ludwig,
Thanks for you usual help. Managed to change the Invoice price and there is no floating amount in my Purchase Accrual account as I initially thought.
Thanks,
Pam
Hi Mattguo,
Thanks I can change the price. It also help me understand upon testing that my financial entry during receipt will be actually reversed during Invoice so my thinking that there will be floating amount in my Purchase Accrual account is not really an issue and is now solved.
Thanks,
Pam
During purchase order invoice recording, we can record the amount ($11 from your example above) which we received from supplier. It can be different from purchase price ($10 in your example above).
Click Generate invoice > invoice. Edit the unit price like below (Field is editable).
PO price in above example was 108.35. During invoice recording changed to 120 and was able to post invoice successfully. You may run into issues depending upon your company matching policy and variance may need to be approved.
Hi Pam,
Can you share a screenprint of your PO invoice form?
Thanks,
Ludwig
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