Answer / narayana.chinni

Invoice Price variance is the difference between PO price and invoice price

Ex:- PO anount:10 qty:10

Receipt and invoice qty: 11

So the accounting entry would be

Receiving inventory a/c Dr 100
To AP inv accrual a/c Cr 100

When invoice is matched with PO:

AP inv accrual a/c DR 100
Invoice price variance a/c DR 10
To Liability account 110

MOAC Setups

3 Answers   Cap Gemini,

---

Can we implement MRC at payables?

2 Answers  

---

Can we implement MRC at Payables?

4 Answers  

---

migration Oracle Financial

1 Answers  

---

Anyone provide the oracle fin/scm definetions

0 Answers   Fresher, Genesis,

---

what is the meaning of purchase default and what are the types

0 Answers  

---

What are the mandatory accounts that need to be setup in Set of Books?

4 Answers   HCL, Syntel,

---

what is meant by functional specifications involved in po and ap?

1 Answers   Cognizant,

---

Payment Methods?

5 Answers  

---

How do U do the Analysis of discounts lost and fixing the root cause

1 Answers   Infosys, Wipro,

---

What is the difference between Recurring Journals and Recurring Invoices? What is the need for the Recurring Journals in GL when Recurring invoices exist in AP?

2 Answers   BirlaSoft,

---

I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.

0 Answers  

---