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Handling Invoice and GR Price Difference

Invoices are usually sent by the supplier as soon as the shipment is made.The invoice does not have to be paid until a set number of days after the invoice date although some in the field say the set number of days is after the receipt of the invoice.The price differences are especially caused by an inappropriate choice of the price unit in the material master of the material to be produced. Any invoice received against a blanket PO requires an approval and verification from an authorized individual responsible for the goods or services on the PO. The GR will always get the PO price.In the invoice, the value change is automatically incorporated in moving average price materials .Whenever there is a price variance during goods posting or invoice posting, in case of standard price, a price difference account is being hit to nullify it.

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