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Invoice Price Variance for Non Inventory Item — Cloud Customer Connect
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Invoice Price Variance for Non Inventory Item

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in Payables, Payments & Cash Management 4 comments

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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