• From: Kakinada, AP, India
  • Registered: 10/28/2019
  • Posts: 1

Topic: Purchase price variance

hi

I am getting purchase price variance for  every entry  and that  purchase price variance is showing as negative in cost of goods sold which resulted to  wrong profit in p&l.

  • paul
  • Senior Member
  • Offline
  • From: USA, Columbia
  • Registered: 07/22/2019
  • Posts: 106

Re: Purchase price variance

What is the comparison of the cost of the items in inventory and the actual purchase price. I wonder if the actual purchase price is less that what the system has and so creates this variance after receiving the item.

Paul

3 Reply by andrewyang (edited by andrewyang 11/21/2020 11:56:41 am)

  • Registered: 11/21/2020
  • Posts: 1

Re: Purchase price variance

I am getting the same variance. Can anyone help us?