You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Need advice to reconcile Receiving Inspection account between Receipt Accounting and Cost Accounting

Accepted answer
in Costing 5 comments


We know that the receiving inspection account is supposed to be zero at the end of procure to pay life cycle. However since the cycle could go accoss multiple accounting periods, it's causing chanllages for reconciliation at each period end, especially when receiving inspection is related to cost adjustment triggered by invoice price variance and exchange price variance on partial PO receipt. We use invoice match to PO option.

Content (required):

Any advice how to do the reconciliation and are is any Oracle document or report available to assist with it?

Version (include the version you are using, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!