Certification Study Guide Series: IBM Maximo Asset Management V7.1

Chapter 6.8.3. Approving an invoice

Page 117

Chapter 6. Purchasing 117 6.8.3 Approving an invoice Before an invoice can be approved, the system checks that it meets the following conditions: 1. If the invoice will be paid in foreign currency ( as indicated in the Currency field), there must be an active exchange rate for that currency ( in the Currency application) on the date of approval. If not, the invoice cannot be approved. ( If the exchange rate has changed since you created the invoice, the system updates the Total Base Cost field upon approval.) 2. The prices on the invoice must fall within a specified range of the prices on the purchase order ( PO). Your system administrator can define the amount by which the invoice price can vary from ...