• From: USA, Colorado
  • Registered: 07/19/2018
  • Posts: 25

Topic: Purchase Price Variance JE

I have a month end JE in my GL for an account that is called Purchase Price Variance. It is a credit to COGS equal to the debit to the COGS account titled Freight

Is this an automated month end JE?

I have no idea what it is trying to accomplish since they wash. Any thoughts?

scott.randall's Website

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,089

Re: Purchase Price Variance JE

This generally occurs when there is a forex rate difference and may be dynamic / computed on the fly. Check if it differs each time the forex rate changes.

apmuthu's Website