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Cost Value Reconciliation - Purchase Orders

Is it better to use Purchase Orders and Accrue for Commitment on the CVR Process?

My company works in construction, and has a large number of contracts. To recognise turn over in our accounts, we use a cost plus margin method, using a monthly CVR exercise. After month end, we wait two weeks so we can get all our supplier invoices on the system so we have our costs - this two week delay causes issues.

Would it be sensible to move to a process where we recognise the cost on issue of the PO, and accrue for non Goods Reciepted commitment? How would this work with large POs, for example we issue a PO for a lot of material that will be used in different phases? Thanks!

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