Variance Amount Approval

Summary:

We have defined invoice tolerances based on the schedule amount. Typically, when the invoice surpasses the schedule amount, as per the defined invoice tolerances, a hold is placed. Now, the requirement is to introduce an approval process based on the variance hold amount.

For better clarity, let's consider an example. In the invoice tolerance setup, the schedule amount is set at 100. Suppose we have a purchase order (PO) amounting to $1000, and after applying the PO to the invoice, the total amount becomes $1200. In this scenario, the system triggers a hold because the variance amount is $100.

Now, the requirement is about the hold approval process. If the variance amount for the hold falls within the range of $0-$100, the approval should be directed to Approver A. If the variance amount for the hold is between $100-$200, the approval should be routed to Approver B.