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Reply from chuamatt on Jan 6 at 4:29 AM Hi Aslam,
Another option is to create a PO where quantity and unit is 12 mos. (1
year) and everytime there is a billing, you can do a goods receipt of 1
mo. Then do the MIRO (Invoicing). Then you can do three way matching.
Thanks,
Matt
| | | ---------------Original Message---------------
From: chuamatt
Sent: Tuesday, January 06, 2015 4:29 AM
Subject: Services PO Creation
Hi Aslam,
If you use the framework order, you can only match the PO and Invoice since in using framework order with limits, you don't do GR anymore. Another option that I can suggest is create a regular PO with 100% as the quantity and unit. If you do a goods receipt, you can do partial goods receipt based on the percentage of the amount billed for the period. For instance you have a service contract worth $12,000 for one year (12 months). Create a PR with 100% as the quantity and unit of measure, then $12,000.00 as the amount of the PO. If you receive a billing for the first month worth $1,250.00. Just divide the billed amount from the total amount of the PO then multiply by 100%. For instance 1,250/12,000 *100 = 10.4166666.. round it of to max of three digits, which will give you 10.417. Use this value as your Goods Receipt quantity. Then do MIRO. Now, there is a three way checking of PO, GR, and Invoice (MIRO).
Thanks,
Matt |
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