Bill Variance Feature

To use Bill Variance (BV) you must be using the Advanced Receiving feature in NetSuite. This will detect discrepancies at the quantity, rate, and exchange rate levels, and presents a solution for amounts posted in Inventory Received Not Billed Account. It also handles Journal Creation for variance posting.

Related NetSuite Settings

For the Item Record, it is necessary to set (3) variance accounts (the same account can be chosen in the 3 fields), and set the record to Match Bill to Receipt. In the Accounting settings, ensure that default variance accounts are enable.

Known Issues

There are a few known issues with using the Bill Variance feature in NetSuite:

  • Multiple Receipts are generated with a single link
    • The receipt IDs are separated by Chr(5)
  • Multiple Bills do not display receipts on the second Bill

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