[IUG] Estimated vs invoiced price

["Eric Wheeler" <public99 at eawheeler dot com>]

I've recently assumed duties in our acquisitions department and have noticed
that after an invoice session has been posted, the estimated and invoiced
price fields don't always agree. My primary concern is that the correct
amounts are being applied to our accounts. While I assume that the correct
amounts are being applied and that the estimated price has nothing to do
with the posted price after an item is invoiced, I'm not certain that this
is the case. Also the estimated price persists on the item record,
reflecting a value that may not be accurate. It seems that it would be more
valuable to add a "paid price" field to the item record that reflected the
actual posted, invoiced price. I'm sure that I'm revealing my lack of
understanding with this post, but certain Millennium operations continue to
puzzle me.

 

Eric



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