Purchase Orders > GRN system > GRN Price Variance

GRN Price Variance

You use the GRN Price Variance program to generate a report of either standard cost price variances or non-matched invoice variances for matched GRN's in stock code sequence.

A standard cost price variance indicates the difference between the standard cost by which inventory is incremented and the actual purchase cost incorporated in the GRN suspense account.

A non-matched invoice variance occurs when the operator does not match any GRN's within the AP Invoice Posting program and inputs an invoice value.

The GRN price variance is also referred to as the purchase price variance.

Report Options

Field Description
Report type  
Standard cost price variance Select this to print a report listing the difference between the standard cost by which inventory is valued and the actual purchase cost incorporated in the GRN suspense account.
Non-matched invoices Select this to print a report listing transactions processed using the AP Invoice Posting program, where the GRN was not fully matched, but the merchandise value and the value to match (invoice value net of tax, freight and miscellaneous charges) differed during GRN matching.
List GRNs with variance % greater than

Enter the percentage variance to use for the report.

Only GRN's with a variance greater than the percentage entered here are printed. This also applies to a negative variance.
Variance % base

Indicate whether you want to base the variance percentage on the standard cost price or the purchase value of the GRN.

[Note]

The value entered must be greater than zero.

You can only access the Variance % base field if you selected the Report type: Standard cost price variance report.
Standard Select this to base the variance percentage on the standard cost price
Purchase Select this to base the variance on the purchase value of the GRN.
Options  
Reprint Select this to reprint the GRN Price Variance report.

You use the options on the Reprint Options tab to indicate the reprint selection criteria.

Reprint Options

The options on this tab page enable you to indicate the criteria for reprinting the report.

These options are only enabled when you select the Reprint option.

Selections

In addition to the report options that can be selected, the following selection criteria can be defined:

Selection Description
Supplier Indicate the supplier(s) for which you want to reprint the report.
Warehouse Indicate the warehouse(s) for which you want to reprint the report.

Output Options

These options enable you to apply a theme to the report and to define multiple output destinations for the report once it has been compiled (SRS Output Options).