Purchase Order Processing - PO Receipt Cost Variance

Function

Use this task to create a report showing the cost variance of stock and non-stock line items between items ordered and items received. The variance is determined by the order value and the receipt value. A variance and variance ratio is displayed. The report can be generated based on a “greater than” percentage.

=> To access this task...

Select PO Receipt Cost Variance from the Reports menu.

PO Receipt Cost Variance Report

About the Fields

In the Warehouse ID field...

• Enter a valid warehouse ID.

• Press [Tab] to select all warehouses.

• Click to select from a list of warehouses.

In the Beginning/Ending Inventory Item ID field...

• Enter the number of the first/last item to appear on the report.

• Press [Tab] to select the first/last item record.

• Click to select from a list of item numbers.

In the Beginning/Ending Vendor ID field...

• Enter the number of the first/last vendor to appear on the report.

• Press [Tab] to select the first/last vendor record.

• Click to select from a list of vendor numbers.

In the Beginning/Ending Receipt Date field...

• Enter the first/last date to appear on the report.

• Press [Tab] to select the first/last date record.

• Click to select a date by using the calendar tool.

In the Minimum Variance field...

• Enter the minimum percentage on which to base the variance that appears on the report.

When done making selections...

• Click to run the PO Receipt Cost Variance process.

• Click to save the record.

• Click to clear entries on the form and begin again.

Sample PO Receipt Cost Variance Report

See Output Options.

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