Possibility in purchase cycle

Question

Hi All,
Are these following purchase cycle applicable in the SAP B1 :
1. Goods Receipt (GR)
Dr Inventory 200
Dr Price Variance 10
Cr GR/IR (AP clearing) 210
2.Invoice Receipt (IR)
Dr GR/IR 210
Dr VAT(tax) 31.50
Cr AP 241.50
3.Payment AP Post (paid before 2 weeeks (before due))
Dr AP 241.50
Cr Cash 234.255
Cr Discount 6.300
Cr VAT(tax) 0.945
Note:
- Standard price : 1 US$/unit
- Order: 200 unit but the actual price 1.05 US$/unit
- Receivings: 200 unit
- VAT (15%)
- Discount (3 % if payment made before 2 weeks)
Could you explain the flow and the document used ?
Pls give advice. Thanks.
Steve

Answer 1

Dear Steve,
This would be the flow within Business one application:
In the Module ' Purchasing AP ':
+ Add a Good Receipt PO no. 1
+ Add  AP Invoice no.1 based on Goods Receipt PO no. 1.
Select the tax code
As per your example since the Goods Receipt PO is entered with a different price than the standard price set for the item it will debit the inventory account according to the standard price and the difference between the standard price and the actual receipt price (USD 10) will be recorded in a Variance or Price Difference account.
+ In the module 'Banking' :
Outgoing Payment > select Vendor to post the payment for the AP Invoice.
You will be able to enter a discount manually or it can be defined automatically in the Vendor's Payment terms.
I hope it helps.
Kind Regards,
Magalie Grolleau
SAP Business One Forums Team