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author's profile photo Former Member
Former Member

Difference in price in PO condition and invoice

Hi,

The situation is as follows:

A PO was created, released and GR done. One item in the PO has quantity 200 KG, price Rs. 100 per KG. So the net price is Rs. 20,000. Now, the price of that item has increased to Rs. 110 per KG, so the total net price would be Rs. 22,000. IR needs to reflect this.

I was going to reverse the GR for that material using MBST, change the price in the PO item condition and repost GR. But, the stock has all been consumed. Since there is no stock, reversal of GR cannot be done.

What is the standard method of handling such a case? Should the amount be reflected in the invoice in MIR7 / MIRO? Quantity remains the same, amount has changed. When the PO doument reference is given in MIR7 / MIRO, the system proposes Rs. 20,000 as the amount. If this is changed to Rs. 22,000, the document can be posted, but the difference of Rs. 2000 is being posted to a different G/L. Is this ok? What is the impact on finance? Is there a better way of handling this? Help is appreciated, thanks.

Regards

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    author's profile photo Former Member
    Former Member
    Posted on May 21, 2009 at 10:39 AM

    The difference will get posted in Invoice in the Price difference account.

    This is the Standard Process for this kind of the case.

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