Cleaning up the receipt accruals
My client is a processing manufacturer and purchases ingredients all over the world. About 30-40% of the PO/invoices have rounding differences for qty. This is mainly due to the conversion of Kilos to lbs and visa versa.
Each time there is a rounding difference it remains in the accrual account.
1. We need some kind of report to help identify these differences.
2. Is there a way we can write off or isolate these differences up front?
Thanks in advance.
Tony