The SAP system is made up of several components linked together so that different departments within a company can cooperate with one another. The Invoice Verification component is part of the Materials Management (MM) system. It provides the link between … Read More
SAP Billing Process: The purpose of SAP Billing represents the final processing stage for a business transaction in Sales and Distribution. Information on billing is available at every stage of Order processing and delivery processing.
This component includes the following … Read More
Partner functions is two-character identification key that describes the people and organization with whom you do the business, and who are therefore involved in transaction. Here is some standard Partner Function for customer-
The basic customer master records that will … Read More
SAP transaction Code VF02 (Change Billing Document) is classified in Sales and Distribution module under application component Billing and runs Application development R/3 invoice program SAPMV60A upon execution.
Use these steps to correct an … Read More
First the program identifies the items on which Interest calculation is to be calculated according to the rules defined in the interest indicator, and any additional specifications you make when executing the program. The rules you enter determine the items … Read More
The Alternative Payee in SAP can make payment to a vendor other than the one to which the invoice was posted. The payment is made to an alternative payee, which must be specified in the master record.
You can specify … Read More
Cash Discount is a reduction in the price of an item for sale, allowed in those cases when payment is made within a stipulated period. In a business scenario, the cash discount will … Read More