Price & Quantity Differences: Invoices Above or Below the PO and Tolerance Rules
This lesson is part of the course
In this lesson
You compare invoices with their PO lines, compute the price difference, apply a fictional tolerance rule to decide «Pay» or «Hold», work out what stays committed for goods not yet delivered and how much spend never had a commitment.
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Lessons in this course
- Budget Lines: Original Budget, Transfers & the Revised Budget Locked
- Commitments: How Purchase Orders Encumber the Budget Locked
- Invoices & Releases: Actual Spend, Partial Invoices and the Open PO Balance Locked
- Available Budget & the Funds Check Before a New PO Locked
- Price & Quantity Differences: Invoices Above or Below the PO and Tolerance Rules Locked
- Forecast to Year-End: Run Rate, Planned Commitments & Projected Out-Turn Locked
- Year-End: Carrying Forward Open Commitments & the New Year's Opening Position Locked
- The Budget Report: Line × Month Table, Share Used, RAG Status & Chart Locked