Logistics Invoice Verification (MM-IV-LIV)
Logistics Invoice Verificationis a part of Materials Management (MM). It is situated at the end of the logistics supply chain that includes Purchasing, Inventory Management, and Invoice Verification. It is in Logistics Invoice Verification that incoming invoices are verified in terms of their content, prices and arithmetic. When the invoice is posted, the invoice data is saved in the system. The system updates the data saved in the invoice documents in Materials Management and Financial Accounting.
Logistics Invoice Verificationis closely integrated with the components Financial Accounting (FI) and Controlling (CO). It passes on the relevant information about payments or invoice analyses to these components.
In Materials Management, Logistics Invoice Verification has the following features:
An invoice can be processed in Logistics Invoice Verification in various ways:
You receive an invoice and enter the information contained in it in the system, comparing the data (such as quantities and values) suggested by the system with that in the invoice and making any necessary corrections. You then post the invoice. In the SAP System, a distinction is made between the following types of invoices:
All the items in a purchase order can be settled. With purchase-order-based Invoice Verification, all the items of a purchase order can be settled together, regardless of whether an item has been received in several partial deliveries.
Each goods receipt is settled separately.
Invoices can be posted directly to G/L accounts or material accounts.
You receive an invoice, enter the data in the system, and save the invoice document. The system does not make any postings. You can change this parked document. When you have finished changing the document, you can post the parked document.
You receive an invoice, only enter the total amount of the invoice and match the invoice up with another system document. The system then checks the invoice in the background. If no errors occur, the system also posts the invoice in the background. If errors do occur, the system saves the invoice and you then have to process it in a separate step.
Here, you do not receive any invoices from your vendors, but post them yourself based on information contained in purchase orders and goods receipts.
You are not expecting a vendor invoice, instead you settle posted withdrawals yourself and send the vendor a statement of the settlement.
You do not wait for the vendor invoice for goods supplied or services performed every time. Instead you create invoices based on the dates scheduled in the purchase order and these trigger the payment to the vendor.
You determine difference values based on retroactively valid price changes and create the associated settlement documents. You send these documents to the vendor.
The invoice information is transmitted to the SAP System using electronic data interchange and the system tries to post the invoice automatically. If errors occur, you have to process the invoice manually.
Comparison with Conventional Invoice Verification
Logistics Invoice Verificationwas developed to take into account requirements that were technically not possible in the conventional Invoice Verification component, such as distributing MM and FI to separate systems.
All the functions in conventional Invoice Verification are available in Logistics Invoice Verification. If required, you can use conventional Invoice Verification and Logistics Invoice Verification alongside each other.
The following functions are available only in Logistics Invoice Verification:
See also:Transaction Codes in Logistics Invoice Verification (MM-IV-LIV)