There are times when prices of materials on vendor’s bill does not match the prices you had on the corresponding purchase order or receipt.

To correct this, you have to determine which price is correct. If the receipt/PO price is correct, contact your vendor and request another invoice with the correct prices, or request that your vendor write off the discrepancy.

If the PO receipt prices are incorrect, then you have to adjust the PO receipt price to the correct price you actually received the goods in at. One way of doing this is to cancel the receipt and re-process the receipt altogether.

Alternatively, if your received goods are in inventory and have not yet been shipped out on an order, you can go to the part, find the “bin-level”, i.e. receipt level cost in your warehouse info, make an inventory adjustment with reason code to adjust the receipt cost of that part. That adjustment will propagate to the part’s average cost, and will then be appropriately costed when it is used on any BOMs or assemblies in the future.

If your received goods have already been used and shipped out on an order, you will need to the Sales History for the part, find the invoice the goods were sent out on, edit that invoice, and adjust the material cost therein.