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Purchase req to bank recon flow?

Hi all,

Am I correct in detailing the purchase requisition to bank reconciliation flow (10,000 ft view) as follows?

1) Purchase requisition

2) Purchase order

3) MIGO (goods receipt) - Dr Expense/Cr GR/IR

4) MIRO (invoice verification) - Cr Vendor/Dr GR/IR

5) FILO (finance & logistics) - Dr Vendor/Cr Bank

6) Bank reconciliation - Dr Bank Clearing Acct./Cr Bank



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1 Answer

  • Sep 19, 2017 at 04:38 PM

    No you are not.

    The journey of the requisition ends with the purchase order.

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    • I apologize once again, as I am new to both SAP and SCN. My objective was to verify my Procurement-to-Pay business process steps. Clearly this was not understood from my revised question.

      I will search further as to not to waste precious SCN community time.

      Thank you.

      To paraphrase the great George Costanza, I will avert from further disturbing of the delicate geniuses.