Use the Purchase Variance Report to see if there are any pricing variances from when a purchase is written and when you got billed by your vendor. The Variance column on the report displays the difference between the two costs so that you can accurately relate to your vendor any changes in pricing.
Note: To resolve purchase order quantity variances, use the Purchase Order Variance Queue.
To run the Purchase Variance Report:
From the Purchase > Reports menu, select Purchase Variance Report to display the Purchase Variance Report window.
In the Branch/Territory/All field, enter the branch or territories for which you want to run the report and press Enter.
In the Start Date and End Date fields, enter the date range for which you want the system to begin to pull data for the report.
In the Batch field, enter any batch ID that you would like to run for this report. The default is ALL.
In the Vendor field, enter any vendor ID that you would like to run for this report. Leave the field blank to run for all vendors.
Use the Unreconciled Only check box to select if you want to run the report for only unreconciled purchase orders. By default, the check box is deselected.
In the Summary / Detail field, indicate which kind of report you want by selecting one of the following:
Summary - Displays the following columns: P/O#, Vendor Name, RepCost, PO-Cost, and Variance. Variance displays the difference between the RepCost and the PO-Cost. This is the default.
Detail - Displays all the summary information, but also adds the following columns: Writer, Type, Quantity, and Product Description.
See Also: