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what is invoice variance in ap

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what is invoice variance in ap..

Answer / somesh

If you use Accrual Basis Accounting, Payables records variances when you approve and post a purchase order matched invoice distribution. Variances are the differences between the purchase order and invoice in Price, Quantity, and, for foreign currency transactions, Exchange Rate.

Is This Answer Correct ?    3 Yes 3 No

what is invoice variance in ap..

Answer / prasad

Invoice Price Variance (IPV) - The difference in between the Purchase Order Price & Invoice accounted price.

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