What is the difference between invoice price variance and
purchase price variance?
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Answer Posted / k.narayanasamy
IPV=Invoice price-PO Price
PPV=STD Price-PO Price (It is using only in the Standard
cost organization).
| Is This Answer Correct ? | 25 Yes | 7 No |
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I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
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