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Reply from tilgulkarcn on Aug 12 at 3:52 AM Hi,
If you have GR based IV, then system will propose entry for the accepted
quantity.
In Purchase order you will be shown balance quantity to be received and
billed.
Similarly rates are flowing from Purchase Order hence, the rate as well as
taxation and any incidentals.
Therefore it would either vendor invoice correction or PO correction.
As said, any mismatch which genuine can be adjusted while processing Vendor
invoice ( MIRO ).
The differential amounts are to be debited/credited to respective GL
account.
Hope it's clear.
CNT
| | | ---------------Original Message---------------
From: sree sree
Sent: Friday, August 12, 2016 3:43 AM
Subject: Three Way Matching entries
Dear Group members /experts,
Could you please provide all possible entries in 3 Way matching in procure
to pay cycle?
Like below example:
PO Raised for 10 quantity for Rs 10 each quantity and the invoice is
received for same price (i.e. on PO price Rs 10 for each quantity) but
quantity received 8 in numbers. (This is mismatching as the PO quantity is
10.) In this scenario what will be the accounting entry and which account
wee need to debit and credit?
Similar fashion there could be n number of mismatches like price
differences like was could you please provide possible scenarios and
relevant entries?
Appreciate your answer on this at the earliest.
Regards,
sreesai |
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