What is the difference between FI Invoice and MM Invoice?
Kiran. V replied
MM invoice is nothing but Invoice Verification. it is just verification of the invoice amount with respect to the PO, GR, Inbouund delievry, Services etc. When you are creating a MM Invoice this means that it is not the actual payment done to the vendor. By creating this document there is a liability to the vendor and the system registers an entry saying that money has to be paid to the vendor. Then through FI invoice the payment is done.
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