AP-PO Question
Dear All,
Assuming that we are using Gl Budgetary control and 3 way match. Can you correct me for the following:
Example: We created and approved PO for 1000 $.
1. Creating PO and approve it will reserve funds (1000 $)
2. Receiving All PO items and pay the invoice for the all PO amount (1000 $) will automatically close that PO.
3. Receiving some lines of that PO and pay it's invoice (600$) will not automatically close the PO and the all PO amount will still reserved (1000$).
4. Receiving some lines of that PO and pay it's invoice (700$) and close it using AP final match will close the PO and release the remaining amount of that PO (300$).
Assuming that we are using Gl Budgetary control and 3 way match. Can you correct me for the following:
Example: We created and approved PO for 1000 $.
1. Creating PO and approve it will reserve funds (1000 $)
2. Receiving All PO items and pay the invoice for the all PO amount (1000 $) will automatically close that PO.
3. Receiving some lines of that PO and pay it's invoice (600$) will not automatically close the PO and the all PO amount will still reserved (1000$).
4. Receiving some lines of that PO and pay it's invoice (700$) and close it using AP final match will close the PO and release the remaining amount of that PO (300$).
Tagged:
0