What is PO rate variance Gain/Loss
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Answer Posted / kanaiya sindhavad
Payables uses these accounts to record the exchange rate
variance gains/losses for your inventory items. The
variance is calculated between the invoice and either the
purchase order or the receipt, depending on how you matched
the invoice. These accounts are not used to record
variances for your expense items.
Any exchange rate variance for your expense items is
recorded to the charge account of the purchase order.
Payables calculates these amounts during Payables Invoice
Validation.
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