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Purchase Price Variance

edited Jun 2, 2025 2:54PM in Ask A Guru 2 comments

Hi All,

I am running through an issue at the moment with correcting Purchase Price Variances. The PO and Item receipt have the same rate. The Purchase Price Variance is being caused because it is taking the last purchase price instead of the purchase price. How do I correct this?

I have update the purchase price and even updated the cost estimate type to Purchase Price. The variance is still there? What am I missing here?

Item Receipt:



Item Receipt GL Impact:



PO:



Inventory Item Details

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