PO for services

@5K

Dear All ,

We have a requirement wherein there is a typical requirement of certain services..

There is  lumpsum order with a service provider for say lease line for Rs 60 K , this is divided into 12 installments , so there are 12 GRN's expected to be prepared and paid..

The individual amounts in the month would be Rs 5 K  but there could be a variance based on the actual utilization , but will be capped at Rs 60 K for the year.

We have envisaged two ways to handle this..

1.Make a standard Purchase order with 12 line @5K individual line. with a service line type , with Rs 1 as the rate and quantity 5K.