on 05-14-2008 12:11 PM
What is the difference between MIRO and Sales Invoice ?
In what screnario MIRO is used for ?
Regards
debasish
Hi
MIRO is the transaction of invoice verification. When the company receives/purchases stock from a vendor and gets invoice for that, after doing MIGO, the invoice will be verified against the stocks/quantities received.
The sales Invoice is the Invoice given by the company to the customer against the sales made.
Thanks,
Ravi
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
Sales Invoice is the general invoice we do after delivery.
In normal sales scenario, the sales cycle is as follows
Inquity - VA11
Quotation - VA21
Sales Order - VA01
Delivery - VL01N
Picking, Packing, PGI
Invoice - VF01
This is normal process, where customer orders for some items, and will be delivered to the customer and billed to him.In this type of scenario we do sales invoicing.
Where as some other scenarios like Third Party Sales, where the items are supplied to the customer from vendor, not from the compnay. When a customer places an order, and if the compnay does not have the stock with them, then with ref. to this sales order compnay will raise a purchase order to their vendor, and instead of receiving the stock, compnay will inform the vendor to supply the material directly to the customer and once the compnay gets the confirmation that the material is supplied to the customer then it will raise the invoice to the customer.
In this scenario, using the T. Code MIRO, invoice verification will be done, with reference to Purchase order raised and the vendor will send the stock to customer and raise a Invoice to compnay. Now compnay will do GR and invoice verification using the t.code MIRO.
Hope this is clear
Reward if helpful
Thanks
Praveen
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Dear debasish
The main difference is MIRO is used for updating incoming materials while Sales Invoice is for outgoing materials. MIRO is used by MM and sales invoice by SD
thanks
G. Lakshmipathi
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
107 | |
12 | |
11 | |
6 | |
5 | |
4 | |
4 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.