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Reconciling Purchase Price Variance Entries

Avatar photoCustomer June 18, 2019 at 7:53 pm

We need a detailed report on Purchase Price Variance (PPV) transactions, specifically splitting out variances caused by cost differences versus currency exchange rate fluctuations. Which Blitz Report should I use?

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    • Support June 19, 2019 at 8:33 pm  

      The CAC Purchase Price Variance report is designed for this. It reports PPV accounting entries for external purchases, OSP, internal transfers, and consignment transactions. Crucially, it splits variances into the ‘PPV Cost Amount’ and the ‘PPV FX Amount’ columns.

    • Avatar photoCustomer June 21, 2019 at 8:00 pm  

      How does the FOB point affect when PPV is recognized for internal order intransit shipments, and does the report cover this?

    • Support June 23, 2019 at 4:28 am  

      Yes, the report covers this. The FOB point determines which internal transfer transaction gets the PPV. For FOB Shipment, PPV occurs on the Intransit Shipment transaction. For FOB Receipt, PPV occurs on the Intransit Receipt transaction.

    • Avatar photoCustomer June 24, 2019 at 4:32 pm  

      What parameters are critical to ensure comprehensive reporting for a specific time period?

    • Support June 25, 2019 at 8:16 am  

      You must enter the mandatory ‘Transaction Date From’ and ‘Transaction Date To’ parameters, as well as the ‘Currency Conversion Type’ needed for converting foreign currency purchases into the general ledger currency.

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