On Thu, Jul 10, 2008 at 4:47 PM, Chris Cormack <
chris@bigballofwax.co.nz> wrote:
> * Nicole Engard (
nicole.engard@liblime.com) wrote:
>> That makes sense - but it's the 'Replacement Cost' that gets
>> subtracted from the budget ... shouldn't it then be the 'Actual Cost'
>> that gets subtracted from the budget?
>>
> Hi Nicole
>
> Yes it should, actual cost is what the library actually paid.
> When they order an estimated/budgeted cost is put in, which is used when working out how much of a budget has been committed to being spent.
> The actual cost is what the invoice says and what they actually paid when the item arrives.
> Often these are different.
> The actual cost should be used when working out what has been spent.