We are a services company and we receive a Purchase Order from our Customers before any actual service delivery.
The Customer's PO is at an estimated amount.
So after delivery we might have to invoice for more or for less.
If we create a Quote at the amount of the PO received, and then the invoiced amount is more or less then the Quotation, how this affects reported fiscal position, and/or other reports?
Is this the right way to go?
Should we follow a different approach?
We are experimenting, but already existing knowledge is always appreciated.
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|Asked: 3/25/16, 3:01 AM|
|Seen: 379 times|
|Last updated: 3/25/16, 4:51 AM|