Any advice on the following would be appreciated.
A PO has been raised for 1 line with multiple account assignment (4 different cost centres), this PO was then receipted and created for receipts. The correct accounting documents were also created at this point.
We've then had a number 8 separate Invoices come in against the PO and i cannot make out what is happening with the accounting entries, they just don't tie up.
Total Value of PO £12,915.74
Total Receipt Value £12,915.74
Total Invoice Value to date £11,948.94
Receipts GR/IR Account -£12,915.74 correct
Receipts Expense Account £12,915.74 correct
Invoices GR/IR Account -£142,073.06 ???
Invoices Expense Account £154,022.00 ???
The first invoice which was posted had the following entries:
Invoice Net Value = £920.98
Invoice Total = £1,082.15
(1 Account Assignment)
Vendor Cr £1,082.15
GR/IR Dr £12,915.74
Expense Account Cr £11,994.76
VAT Dr £161.17
Please also note that the Purchase Order was raised in the SRM module.
Any help is much appreciated.