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Process
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Interface to GL
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1) Release receiving document,
1 @ 10.00
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IC130
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2) Detail match invoice, 1 @ 12.00
2a) with cost variance
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AP175
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3) Update Inventory Accounts 3a)
if inventory exists 3b) if inventory does not exist
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IC130
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4) Pay invoice
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AP170
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debit
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Inventory
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credit
|
debit
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PO Accrual
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credit
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1) 10 3a) 2
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2) 10
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1) 10
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debit
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Itm Cst Var Susp
|
credit
|
debit
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AP Accrual
|
credit
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2a) 2
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3a/b) 2
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4) 12
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2) 12
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debit
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IC Cost Vari
|
credit
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debit
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Cash
|
credit
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3b) 2
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4) 12
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Net Effect
If inventory exists:
|
debit
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Inventory
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credit
|
debit
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Cash
|
credit
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12
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12
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If inventory does not exist:
|
debit
|
Inventory
|
credit
|
debit
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Cash
|
credit
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10
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|
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12
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|
debit
|
IC Cost Vari
|
credit
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|
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2
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