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Hello!

There is a purchase variance account in the Setting. Please bring an example how it is used.

Thanks,
Steffen

This cost of goods sold account is used to track variance between goods received where the exact (invoice) cost is not known and the purchase order or last cost is used and the purchase invoice (actual) cost. The transaction is the following:

Goods Receipt
- Dr Inventory, Cr Accrued Purchases

Purchase Invoice
- Dr Accrued Purchases, Cr Accounts Payable, Dr/Cr Purchase Variance