on 08-24-2007 10:01 PM
Hi experts,
Could some one explain me when the 'Total variances through IR' are generated?
We have a case of a PO in Foreign currency for quantity of 1.
This PO was invoiced before being received.
When received, the GR value does not match the invoice value.
The total GR value is adjusted with a 'Total variances through IR'. The total goods receipts does match the invoice value.
I tried to look for possible different currency rates,but the documents have the same currency - PO and invoice and GR -
Thank you.
Monica.
Hi Monica,
When the invoice was posted prior to the receiver the entries will be
Invoice Receipt
Debit GR/IR Clearing
Credit Supplier Vendor
then Goods Receipt
Debit Inventory account
credit GR/IR Clearing
debit Variance
then clear the variance
debit Vendor
credit variance
assign points if useful
Regards
Genie
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