How are you reporting price variance?
Reference Number: PMT-1332
How are you reporting price variance? As an accounting best practice, we need to report price variance against the original list price at the time of subscription purchase. Zuora only reports price variance of current paid price vs current list, regardless as to whether there was a price change mid-term to that subscription.
For example:Purchased May - List Price was $100, Customer paid $75
Price Increase in July - List Price now $125
Price Variance Report run in August - should be 100-75 = 25 and not 125-75 = 50. Zuora reports variance as 50, not 25 - even though the variance for that particular subscription is actually 25 from time they purchased.
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