SAP ABAP Programming Made Easy - Theory & FAQs

... Previous Page (Page II). 6) INVOICE VERIFICATION (MIRO) – (Tables – BKPF, BSEG): After the vendor delivered the material/service, it will send the invoice to the person responsible in the company. Invoice is a formal document issued by a vendor to the company to request the payment for the material or service that the vendor has already provide to the company according to the terms of payment agreed in the PO. Invoice verification is simply a method of capturing the details from the vendor’s invoice. If the details of the invoice match the expected details specified by any related purchase order (PO) and goods receipt (GR), the invoice can be made available for processing of payment. Unmatched invoices are excluded from the payment run and need to be investigated and released before payments can be made. Possible consequences of this include a loss of cash discounts, having purchase orders rejected by the vendor, and even losing the vendor account. Important step...

... Previous Page (Page I).                                                                           ...  Next Page (Page III). 3) VENDOR SELECTION & COMPARISON OF QUOTATIONS: After receiving quotations from different vendors, the buyer can select or choose the vendor after comparing all the quotations received. 4) PURCHASE ORDER PROCESSING (ME21N to Vendor): Once the buyer has selected the vendor which will provide the material/service needed in PR, the buyer creates a Purchase Order (PO) based on the PR and the reference document (that can be an outline agreement, an info record, or a quotation). Purchase orders (PO) are documents of authorization that are issued by a buyer and extended to a seller. The main function of the purchase order or PO is to specify the terms of pur...