Variance account has not been defined error

[Former Member]

Hi, Experts

I have an issue while creating the credit memo based on A/P reserve invoice. the error was

"Variance account has not been defined in the G/L Account window, Purchasing tab"

no GRPO has been made on the A/P reserved invoice

all fields in G/L account determination has been filled.

what did i left behind?

Regards,

David

[Former Member]

What account have you set under Administration-> Setup -> Financial-> G/L Account Determination -> Purchasing tab ->General tab ->Expense and Inventory Account (Variance Account)?

[Former Member]

Dear Gordon,

I set other expenses as the variance account.

Regards,

David

[Former Member]

Hi David ,

If your G/l account is based on Item group ,you need to review that setting .

Go to administration >setup >Inventory>ItemGroups

Click on accounting tab and see whether variance account is defined or not .

Hope this helps

Bishal

[Former Member]

Do you have freight amount on this invoice?

Thanks.

Gordon

[Former Member]

Hi Gordon,

No, there is no freight on the invoice.

I even try on the OEC database and the same thing happen..

regards,

David