Variance Reasons allow you to categorise discrepancies in your Stock Receipts, so you can understand why the full balance of stock may not have been received. You can report on Variance Reasons using the PO Stock Receipt Detail Report and the Purchase Order Errors (POE) Report.
Create a new Variance Reason
To create a new variance Reason:
- Navigate to Settings > Purchase Order Setup > Receipt Variance Reasons
- Click Create New
- Enter a Name e.g. Out of Stock
Names can be up to 100 characters long
- Tick Enabled
- Click Save
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Editing Variance Reasons
To edit an existing Variance Reason:
- Click the Name of the Variance Reason
- Type in the new name
- Click Save
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Disabling a Variance Reason
You can disable a Variance Reason so that it's not available to select from when creating a PO Stock Receipt.
- Click the Name of the Variance Reason
- Untick Enabled
- Click Save
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