How to avoid IPV?
Summary
Need to avoid invoice price varianceContent
We have a lot of invoices with IPV. We are not using inventory, but we have accrue on receipt configured. We are heavy project users, so the business would prefer to have accrue on receipt versus waiting on the invoice to be validated and accounted so project costs are updated in a timely manner.
The business is not always accurate when creating receipts - which results in quite a bit of IPV. This IPV is showing up on our projects and the business wants a way to clear this easily. I have suggested canceling unpaid invoice lines and then matching the invoice to the receipt or correcting the receipt or PO, but this results in too much work for the AP team. For paid invoices, creating credit memos has been a solution, but again, this creates a lot of work for the AP team.