SAP Invoice Verification
SAP Logistics Invoice Verification (MM-IV-LIV) completes the materials procurement cycle by validating incoming vendor invoices against purchase orders and goods receipt documents. Executed via transaction MIRO, it ensures correct quantities and pricing prior to releasing vendor payments in Accounts Payable (FI-AP).
Key characteristics and components of SAP Invoice Verification include:
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3-Way Matching Principles:
- Cross-validates purchase order data, goods receipt quantities, and invoice values automatically.
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Variances & Tolerance Limits:
- Identifies quantity or price variances and automatically applies invoice blocks when tolerance limits are exceeded.
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Evaluated Receipt Settlement (ERS):
- Automates invoice posting directly upon goods receipt without requiring manual paper vendor invoices.
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Credit Memos & Subsequent Debits:
- Handles vendor returns, price adjustments, and subsequent debit/credit postings smoothly.
Recommended prerequisites include:
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Procurement & Inventory Basics:
- Familiarity with purchase order structures and goods receipt processes in SAP.
Skills gained include:
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LIV Transaction Processing:
- Processing vendor invoices, credit memos, and park documents in MIRO / MIR7.
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Invoice Blocking & Clearing Setup:
- Configuring tolerance keys, automatic invoice release (MRBR), and GR/IR account clearing.
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