Retroactive Pricing_Questions

Hi Team,

we are in R12.1.3, we have a requirement to update the PO price after PO approval and Receipt. I came to know we can use " Retroactive Pricing" concept to achieve this.

I performed the below steps. Please clear my points.

1. Enable the profile option as required

2. Assigned Retro active price account under receiving options

3. Created a PO with Item A with Qty : 10 and  price 5 , PO Value : 50$ , PO Approved and Received.

Under View Receiving Transaction

4. Now I have updated the PO price from 5 to 8$ and Approved the PO and Received.

Now account lines with addition value got crated as shown below.