Invoice Price Variance for Non Inventory Item
I have created a PO for the Non Inventory Item with amount as $200 and I have created the AP invoice for $500. The accrual is booked at PO receipt.
But I cannot see the IPV generated for this case. I am not sure why. here are the entries
Receipt Accounting for $200
Dr RI, Cr Expense Accrual
Dr Expense, Cr RI
Invoice for $500
Dr Expense Accrual, Cr Liability
Now I am unable to understand where is IPV and how Expense Accrual will be knocked off.
Please share your thoughts.
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