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Topic

    Rizwan Basha
    'Fixed Price Services' Line type purchases do not...
    Topic posted January 23, 2019 by Rizwan BashaBlue Ribbon: 750+ Points, last edited February 6, 2019, tagged Configuration, Financials, Fusion, Payables, Setup / Administration, Subledger Accounting 
    104 Views, 1 Comment
    Title:
    'Fixed Price Services' Line type purchases do not capture Invoice Price variance account on AP Invoices
    Summary:
    PO Matched Invoices - Difference in PO and Invoice amount is captured only for 'Goods' line type but Not for 'Services' Line type
    Content:

    PO Matched Invoices - Difference in PO and Invoice amount is captured for 'Goods' line type purchases by invoice price variance account  but Not for 'Services' Line type? Is this a std functionality?

    Our purchases are all 'expense type items and Accrual is set as 'On receipt'. Due to this issue, Users have to spend lot of time to adjust accounting line in Receipt accounting. What config changes is required to enable IPV to be captured for 'Services' line types and reduce manual adjustments (Receipt accounting)

    Comment

     

    • Becky Alvarez

      You probably need to check to see if you have the right tolerances set for your service POs as tolerance based on the match not the line type.  Please refer to the Invoice Tolerances: Explained in the AP User Guide and make sure you have the tolerances setup for your service contract.  If you are matching against the receipt, you may not have setup receipt tolerances.  Just guessing here but if you cannot get the answer from the documentation please log an SR as support should be able to help you.