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Total Received/Delivered Amount on PO is not Matching with Inventory Valuation/Liability Account. — Cloud Customer Connect
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Total Received/Delivered Amount on PO is not Matching with Inventory Valuation/Liability Account.

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edited May 18, 2021 12:20PM in Purchasing 5 comments

Summary

Total Received/Delivered Amount on PO is not Matching with Inventory Valuation/Liability Account.

Content

Hi Team - I created a PO with 2 qty and unit price 100.
Received 1 qty and invoiced that.

Inv Valuation DR - 100,
Liability CR - 100.

Now changed the price from 100 to 140, and received the remaining 1 qty and invoice that.

At the end of both the invoices and costing process,
I found that:
inventory Valuation  DR - 100 + 140 = 240
Liability CR - 100 + 140 = 240.

But when I go to PO - View Order Life cycle, it shows PO Received and Delivered as 280 and Invoiced as 240 (which is the same as my liability).

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