what is invoice variance in ap
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Answer / somesh
If you use Accrual Basis Accounting, Payables records variances when you approve and post a purchase order matched invoice distribution. Variances are the differences between the purchase order and invoice in Price, Quantity, and, for foreign currency transactions, Exchange Rate.
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Answer / prasad
Invoice Price Variance (IPV) - The difference in between the Purchase Order Price & Invoice accounted price.
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