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Former Member

invoice

Can any body tell me what is invoice

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    Former Member
    Oct 13, 2008 at 06:29 AM

    MM invoice is nothing but Invoice Verification. it is just verification of the invoice amount with respect to the PO, GR, Inbouund delievry, Services etc. When you are creating a MM Invoice this means that it is not the actual payment done to the vendor. By creating this document there is a liability to the vendor and the system registers an entry saying that money has to be paid to the vendor.

    Vishal

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    Former Member
    Oct 13, 2008 at 06:31 AM

    Dear,

    Invoice is the documentation proof for expense raised when acquired a valuated thing.

    Regards,

    Syed Hussain.

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    Former Member
    Oct 13, 2008 at 06:31 AM

    invoice is nothing but a statement showing the payment due for Vendor for the Goods supplied or Services performed by that Vendor..

    If you are using a mobile post paid, then the statement you are going to receive at the end of the month is an Invoice

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    Former Member
    Oct 13, 2008 at 06:36 AM

    Hi

    Invoice is the (Billing & Excise)Document which will be given by your vendor that consist of Amount of goods purchased/service done, Taxes (including sales/service taxes), excise duties (BED, AED, ECS, SECess, VAT etc..).

    In SAP by uisng T.Code: MIRO, the invoice given by the vendor is verified with our system data and intimating to the finance department about the confirmation of the payment to be done to the vendor.

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  • Oct 13, 2008 at 07:00 AM

    HI,

    If explaining in the simple words, then its nothing but the document by which we make the payments to the vendor...

    You can make this doc. in the SAP from transaction code MIRO...it can based on the PO or the GR document....

    When you make this doc., the amount which is entered is directly paid to the vendor....

    there are many more things which you enter in the INVOICE doc..like Taxes, freight etc...when you directly enter it in the MIRO doc ie. without entering in the PO document, then the amount is said to be as unplanned amount...and is not reflected as extra amount and its use in the PO history tab in the PO doc....

    When you make the invoice doc, the accounting document is generated, which you can see from the header data only, there is a button placed in the header....

    in it you can see all the debit/credit enteries for which you have paid your amount...

    There is one more thing, the system can automatically calculate the tax based on the tick placed in the header and the amount entered....

    hope it helps...

    Regards

    Priyanka.P

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