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Invoice

Hi Friends,

What is the difference between FI Invoice and MM Invoice?

Thanks,

Venkat

replied

HI,

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.

Thanks & Regards,

Kiran

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