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Reply from rory.goodwin on Apr 21 at 11:10 AM Check out the field Price Determination (Pricing) Date (EKPO-MEPRF) in purchasing info recrods or outline agreements. It may work for you if you update the pricing in your POs.
| | | ---------------Original Message---------------
From: Suren
Sent: Friday, April 21, 2017 8:18 AM
Subject: Price Purchase Order Value
Dear Team,
I work in a commodity market. Purchase Order prices are determined at the end on the month of trading. Typical pricing formula eg : Price = Average of current month quotations. Hence PO is raised and receipted at say last months average. Then at monthend the current month average is determined. This becomes the price payable to the supplier. Can the PO's in this case be repriced to the price as per monthend? And can the corresponding liability entries updated? We currently have to process journals to correct. |
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