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Purchase req to bank recon flow?

Sep 19, 2017 at 04:25 PM

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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

Thanks,

Michael

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1 Answer

Jürgen L
Sep 19, 2017 at 04:38 PM
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No you are not.

The journey of the requisition ends with the purchase order.

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I revised my question to avoid literal interpretation. Sorry for the confusion.
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a) There is no real difference in your initial question now.

b) I do not like that a question is changed after an answer was given, as this lets the people who answered look pretty stupid, you could have clarified it in your comments.

c) the purchase requisition has nothing to do with bank reconciliation.

If you want to know what a procurement cycle is then kindly search before asking and look into the documentation

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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.

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