Sales Cost Variance Handling

Sales Cost can track and post variances. The system will automatically create a journal entry to correct any variances if this setting is enabled

The default method is defined on the TradeQloud Setup record, but can be modified on budget / transaction records.

For example a Sales Cost Purchase Order is created for €500 (1000 quantity @ 0,50)

The following accounts are defined on the SC - Private Labelling Item:

If a Vendor Bill is then created from the Purchase Order for a rate of 0,75 (resulting in a €250 variance)

The application will then create a Journal to capture this variance in the general ledger