Posted by
Sap Land
Saturday 28 May 2011
16:32
I guess you are looking for reasons to do Payable Invoice verification. Few points:
1. To make sure that the quantity on the invoice and quantity delivered by vendor matches
2. Also Qty on the PO and qty on invoice and / or qty tested OK (after receipt / delivery) and qty on invoice matches (2-way, 3-way or 4-way matching)
3. Lesser the invoice corrections, better the performance of the vendor
4. If there is difference between the PO price and invoice price, it has to be either posted as Invoice price variance (if price is mutually agreed) or invoice to be corrected by vendor
5. Then there is a difference between material cost and PO price (often referred to as Purchase Price Variance) which is usally relaized during receipt of the material into stores.
| | | ---------------Original Message---------------
From: mlindsay
Sent: Saturday, May 28, 2011 6:45 PM
Subject: Invoice verification - Justifying why this essential to the vendor reconciliation process
I am to do a presentation to justify why invoice verification in SAP is critical to the FI and MM process.
I am stuck at the nature and background of the problem |
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