Vendor Invoice with Purchase Order in SAP
The beginning area may start from procurement team. Procurement team deals with supplier for purchasing air conditioner. Then, Procurement Requisition (PR) will be generated in system. Once Purchase Requisition is approved, Purchase Order will be created by reference from PR. In this step, procurement team may print out purchase order from system and submit to supplier to confirm orders. Supplier will prepare and deliver goods/service within due date. In this step, procurement team will record Goods Receipt/Service Receipts in SAP. System generates Material Document and Financial Document in the same time.
Financial Document
Debit Material/Expense 10,000 USD
Credit GR/IR Clearing 10,000 USD
After Goods Receipts, supplier will submit invoice to financial team. Vendor Invoice with PO will be performed in this step. System generates Material Document and Financial Document as same as previous step.
Financial Document
Debit GR/IR Clearing 10,000 USD
Debit Input Vat 1,000 USD (Optional)
Credit Vendor 11,000 USD
Label: Vendor Invoice in SAP, What is vendor invoice in SAP?, Vendor invoice description in SAP.