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    Sap Fico Interview Question Logistic Invoice Verification

    Uploaded by

    Nabeel
    The document discusses key concepts in logistics invoice verification in SAP such as: 1) Assigning multiple G/L accounts to a purchase order line item and distributing partial invoice amounts proportionally or progressively. 2) Credit memos, which credit the vendor account, and subsequent debits to invoice additional costs by debiting the material and crediting the vendor. 3) Invoice parking to create incomplete documents, invoice saving to create accounting documents, and that there is no concept of invoice confirmation. 4) Planned delivery costs entered in purchase orders and unplanned delivery costs entered only in invoices, and how they are handled.

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    Sap Fico Interview Question Logistic Invoice Verification

    Uploaded by

    Nabeel
    181 views2 pages
    The document discusses key concepts in logistics invoice verification in SAP such as: 1) Assigning multiple G/L accounts to a purchase order line item and distributing partial invoice amounts proportionally or progressively. 2) Credit memos, which credit the vendor account, and subsequent debits to invoice additional costs by debiting the material and crediting the vendor. 3) Invoice parking to create incomplete documents, invoice saving to create accounting documents, and that there is no concept of invoice confirmation. 4) Planned delivery costs entered in purchase orders and unplanned delivery costs entered only in invoices, and how they are handled.

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    The document discusses key concepts in logistics invoice verification in SAP such as: 1) Assigning multiple G/L accounts to a purchase order line item and distributing partial invoice amounts proportionally or progressively. 2) Credit memos, which credit the vendor account, and subsequent debits to invoice additional costs by debiting the material and crediting the vendor. 3) Invoice parking to create incomplete documents, invoice saving to create accounting documents, and that there is no concept of invoice confirmation. 4) Planned delivery costs entered in purchase orders and unplanned delivery costs entered only in invoices, and how they are handled.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    181 views2 pages

    Sap Fico Interview Question Logistic Invoice Verification

    Uploaded by

    Nabeel
    The document discusses key concepts in logistics invoice verification in SAP such as: 1) Assigning multiple G/L accounts to a purchase order line item and distributing partial invoice amounts proportionally or progressively. 2) Credit memos, which credit the vendor account, and subsequent debits to invoice additional costs by debiting the material and crediting the vendor. 3) Invoice parking to create incomplete documents, invoice saving to create accounting documents, and that there is no concept of invoice confirmation. 4) Planned delivery costs entered in purchase orders and unplanned delivery costs entered only in invoices, and how they are handled.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    SAP FICO INTERVIEW QUESTIONS -FI Logistics

    Invoice Verification

    Logistics Invoice Verification


    Can you assign multiple G/L accounts in the Purchase order for the
    same line item?
    Yes, we can assign multiple G/L accounts in the Purchase order for the
    same line item. The costs can be allocated on a percentage or quantity
    basis. If the partial goods receipt and partial invoice receipt has already
    taken place, then the partial invoice amount can be distributed
    proportionally, i.e. evenly among the account assigned items of a
    Purchase order. Alternatively the partial invoice amount can be
    distributed on a progressive fill-up basis, i.e. the invoiced amount is
    allocated to the individual account assignment items one after the other.
    What is Credit memo and subsequent debit in Logistics Invoice
    verification?
    The term credit memo refers to the credit memo from the vendor.
    Therefore posting a credit memo always leads to a debit posting on the
    vendor account. Credit memos are used if the quantity invoiced is higher
    than the quantity received or if part of the quantity was returned.
    Accounting entries are : Vendor account is debited and GR/IR account is
    credited.
    Subsequent debit : If a transaction has already been invoiced and
    additional costs are invoiced later, then subsequent debit is necessary. In
    this case you can debit the material with additional costs, i.e. GR/IR
    account debit and Vendor account credit. When entering the Subsequent
    debit, if there is no sufficient stock coverage, only the portion for the
    available stock gets posted to the stock account and rest is posted to the
    price difference account.
    What do you mean by Invoice parking, Invoice saving and Invoice
    confirmation?
    Invoice parking : Invoice Parking is a functionality which allows you to
    create incomplete documents and the system does not check whether the
    entries are balanced or not. An accounting documents is also not created
    when the invoice is in parked mode.
    Thus you can create incomplete documents and then post it later to
    accounting when you feel it is complete. You can even rectify the Parked
    invoice. This feature is used by many companies as on many occasions
    all data relating to the invoice might not be available.
    Invoice saving : This is also called Invoice processing or Invoice posting.
    The accounting document gets created when the invoice is posted in SAP.

    Invoice confirmation : There is no terminology in SAP as Invoice


    confirmation.
    What are Planned delivery costs and Unplanned delivery costs?
    Planned delivery costs: are entered at the time of Purchase order. At
    goods receipt, a provision is posted to the freight or customs clearing
    account.
    e.g. FRE is the account key for freight condition, hence the system can
    post the freight charges to the relevant freight revenue account and FR3
    is the account key for Customs duty, hence the system can post the
    customs duty to the relevant G/L account.
    These account keys are assigned to the specific condition types in the
    MM Pricing schema.
    In terms of Invoice verification : If the freight vendor and the material
    vendor is the same : then we can choose the option : Goods service items
    + Planned delivery costs.
    If the freight vendor is different from the material vendor: then for
    crediting only the delivery costs, we can choose the option: Planned
    delivery costs.
    Unplanned delivery costs: are the costs which are not specified in the
    Purchase order and are only entered when you enter the invoice.
    What is the basis on which the apportionment is done of unplanned
    delivery costs?
    Unplanned delivery costs are either uniformly distributed among the
    items or posted to a separate G/L account.
    For a material subjected to Moving average price, the unplanned delivery
    costs are posted to the stock account, provided sufficient stock coverage
    exists.
    For a material subjected to Standard price, the unplanned delivery costs
    are posted to the Price difference account.
    There are cases where Invoice verification is done first before the
    Goods receipt is made for the purchase order . In these cases with
    what values would the Goods receipt be posted ?
    Since the invoice verification has been done first the Goods Receipts will
    be valued with the Invoice value.

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