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Former Member

Blocked Invoice & Parked Invoice

Hi All

Can someone explain to me what is the meaning of Blocked Invoice and Parked Invoice?

Thanks

John

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5 Answers

  • Posted on Sep 17, 2011 at 08:37 AM

    Park Invoice: In the organization there are hundreds of the invoices received daily. There is a separate data entry team for the entering the invoice data in the system. The Park invoice is used for this purpose. The invoice can be parked in the system in case the data entry person is not clear about the data to be entered in the MIRO screen. There is no financial entry generated at the time of parking the invoice.

    Block Invoice: The invoice is entered and then it is blocked for the payment. In the finance department once the invoice is created in the system the payment has to happen to the vendor. In case the invoice is blocked for the payment it is blocked at the header level for all the items in the invoice. The GR IR account is cleared at the invoice level but the payment for the vendor is blocked for the particular invoice.

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 17, 2011 at 10:09 AM

    Hi,

    You are blocking the Invoice for payement to vendor based on various reasons like qulity and quantity or payment date is 45 days but ur doing invoice at 30 days.

    Parking the Invoice means you got the Invoice and entring to systems but during that you find , there some mistakes and want to edit it, so u inform the vendor and park it. later u got modified vendor invoice and now u can edit that Invoice (parked).And usually Purchasing dept park the invoice and Finance dept post the invoice ( depend on client)...

    Kuber

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 17, 2011 at 12:28 PM

    hi..

    parked invoices are incomplete pending accounting whereas blocked invoices are fully accounted invoices subsequently blocked for some activities such as payment/dunning.

    more clarification..:

    Parked invoices: Parked invoice is an invoice which has been entered ( usually an incomplete one ) but is yet to be posted in your books so as to have an accounting impact. It does not have any impact on profit & loss account and balance sheet..

    Blocked invoice : blocked invoice is already accounted in full and is a part of your financial books. But the invoice has been blocked for certain activities. It could be blocked for payment or dunning...

    thanks

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  • Posted on Sep 17, 2011 at 01:04 PM

    Blocked Inovice:The invoice when posted gets blocked for payment, due to variance in the prices,and be can be released thorugh MRBR t-code.

    Parked invoice:The invoive when posting can be parked due data insufficient or and misentries and error messages and later can be corrected and posted thorugh MIR7.

    For more information refer the below link it may help much better.

    http://www.sap-hefte.de/download/dateien/1067/083_leseprobe.pdf

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 19, 2011 at 05:03 AM

    Hi,

    Parked Invoice is an incompleted invoice which can be completed later. A Parked invoice is an invoice which has been entered ( usually an incomplete one ) but is yet to be posted in your books so as to have an accounting impact. Therefore, parked invoices are incomplete invoices which do not affect the profit and loss account and balance sheet.

    blocked invoice is already accounted in full and is a part of your financial books. But the invoice has been blocked for certain

    activities. The invoice might have been blocked for payment ( perhaps , owing to a dispute or so ) or it might have been blocked from dunning ( though it is an over due customer invoice, you have decided not to send an overdue dunning reminder letter ) or

    an invoice blocked due to any variances or other factors (date variance, quantity variance, price variance)

    Therefore , parked invoices are incomplete pending accounting whereas blocked invoices are fully accounted invoices subsequently blocked for some activities such as payment/dunning. etc. I hop ethis will resolve your issue. Thanking you.

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