Direct invoice verification and qty and value update

[Former Member]

Hi Friends,

there is business process of Buying material locally tru petty cash without PO and GR. Inventory and value to be updated. Please provide procedure for the same in SAP with Path.

Rgds

Madhavan

[Former Member · Accepted solution]

HI,

If you are procuring the material with petty cash and if it is to be inventorised then the material has to be valuated at the plant level. It is therefore essential to enter the Material master record and mention the price control and the valuation class in the accounting view. The material only then can be valuated.

Secondly the price control 'v' shall keep on updating itself on further goods movements. But practically just procuring the material with petty cah and valuating the same in stock will not be possible.

Therefore a material master is a must in this case.

Hope this helps.

regards,

Prasanna.

Award pls if helpful

[former_member529134]

Hello

Value updation is possible at the time of MIRO by posting it directly to the material account, but about the quantity updation i doubt.

Regards

[former_member529134]

Helo

Do the Gr with goods receipt-others and movement type 501.

At the time of invoice verification, enter the document date in the basic data and vendor name & vendor currency in the details tab.Also enter the baseline date.Then press enter.

Now go to the material tab in the detail screen and enter the material number and the plant and the amount.Now simulate and save the invoice.

Regards

[Former Member]

Hi,

Material master is available . But client dont want do do PO and GR. they wants to do direct invoice verification and need qty and value updation. Please confirm the process for this in SAP.

Rgds

Madhavan