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Evo-ERP and DBA Classic >> Accounting >> Purchase Price Variances...
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Message started by kchri on 02/08/06 at 09:57:51

Title: Purchase Price Variances...
Post by kchri on 02/08/06 at 09:57:51

An issue I have noticed recently is that when accounting processes PO invoices in which the items have already been issued out of inventory the price change amounts are then placed into the inventory book value even when there are no items in stock. We are then left with 0 quantity in stock and a value in the item book value field.

Is there a way to process price changes differently, such as to a variance account? If not, how does the book value ever get removed from inventory?

Title: Re: Purchase Price Variances...
Post by lmk223a on 02/09/06 at 05:53:09

To clear the book value when there are 0 units remaining, run the utility program in System Manager UT_K_G for the affected part number.

To avoid this, I reverse the po receipt that was booked at the wrong dollar value (by entering a negative quantity receipt at the wrong dollar amount), edit the purchase order to the correct dollar value, and then re-receive the item at the correct dollar value. When accounting processes the invoice, there will be no price variance.