How to settle invoice when PO value is difference with vend. invoice value?

[Former Member]

Dear Experts,

We have generated a PO and sent to vendor. Against that PO, vendor has partially delivered the ordered materials which i have done GR.

Now issue is, being material price is gradually raised due to market run, vendor informed that PO price has to be revised. Kindly guide me how to proceed in this.

Note: We have provided around 200 PO's to the above said vendor. Still Invoice process has not initiated. Open GR qty. exists.

Expecting your valuable reply. Thanks in advance.

Regards,

EswarKumar

[Former Member]

Thank You All....

Regards,

Kumar

[Former Member]

Hi

You need to pay as per the PO and then you can do subsequent debit. But You can directly enter the new price over writing the old price in MIRO line item level. For sure the invoice gets blocked. You can release it in MR8M

Regards

Antony

[Former Member]

Assuming you are going to accept the price increase you simply have to increase the price on the POs (Tx ME22N). It does sound odd if you have 200 POs for the same material (?) Have you thought about using Scheduling Agreements ?

[former_member182609]

Do invoice as per PO price and GR qty.Then you have to go for subsequent debit to settle excess amount.Subsequent credit debits are used when vendor changes price.

Refer below link