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What Is Invoice Verification? Name The Transaction Code For It?

Answer»

INVOICE Verification is the PROCESS used when a Purchase is made. For every purchase made, an Invoice is received from Vendor/supplier. In this process the DATA related to invoice is posted in the system which also creates PAYMENT liability for the supplying vendor. MIRO is the transaction code that is used for invoice verification.

Invoice Verification is the process used when a Purchase is made. For every purchase made, an Invoice is received from Vendor/supplier. In this process the data related to invoice is posted in the system which also creates payment liability for the supplying vendor. MIRO is the transaction code that is used for invoice verification.



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