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Purchase Price Variance
Does NetSuite post the variance automatically or do we need to write journal entry each time there is one?
Steps:
- We create a PO for inventory that has Standard Costing method.
- We recieve the inventory at a higher price than on PO
- On the Item receipt, we see that it has debited inventory stock and credited Inventory Received Not Billed. But we do not see the PPV account being debited.
Thanks,
Preethi
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