Vendor Invoice

Use this page to enter a vendor invoice. When you enter a line, the deferral is automatically set for the item or procurement category selected based on the deferral setup on the Deferral Defaults and the Deferrable Items pages.

The deferrals can be set at the distribution level. When the invoice is posted, a deferral schedule is created for each distribution that has a deferral set.

Tax

In some cases, the tax amount can be fully or partially non-recoverable. When the tax amount of a deferrable line contains a non-recoverable amount, the non-recoverable tax amount is included in the deferrable schedule amount when the invoice is posted.

Variance

If a difference between the vendor invoice line amount and the purchase order line amount exists, variance distributions are created. If the line is deferred, the ledger account for these distributions is set to the deferral account and the amounts are included in the deferrable schedule amount when the invoice is posted. These distributions are Price variance and Cost variance.

Fields

This page contains the following fields: 

Field	Description
Deferred	Indicates whether the distributions of the line are deferred: Yes: All distributions are deferred. Partially: Some of the distributions are deferred. No: None of the distributions are deferred.

See also

Vendor Invoice Accounting Distributions

Vendor Invoice Transaction Deferral

Deferral Defaults