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CMR: Understanding Invoice Adjustments And The Impact On Receipt Accounting/ Cost Accounting (Doc ID 2584081.1)

Last updated on JUNE 16, 2020

Applies to:

Oracle Fusion Cost Management Cloud Service - Version 11.13.19.01.0 and later
Information in this document applies to any platform.

Goal

 PO Receipts generate Accounting entries in Receipt Accounting and Cost Accounting. When the PO is matched to an AP Invoice, there may be differences in the PO Receipt amount and the Invoice amount. This creates Variance distributions on the AP Invoice. The purpose of this document is to understand the variances, and how they impact Receipt Accounting and Cost Accounting.

This document also discusses the PO Match option and how it impacts Receipt Accounting and AP.

Solution

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In this Document
Goal
Solution
 Accounting entries for PO Receipts
  AP Accounting Entries
  Variance Accounting Entries
 Invoice Match option

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