4 Replies Latest reply: Apr 4, 2007 12:05 PM by Umesh Bhawalkar RSS

MIGO & MIRO

manam narayana
Currently Being Moderated

Hi Gurus.,

 

            As i Know MIRO means invoice posting and MIGO means Stock posting,

In THIRD PARTY SALES process,we recieve the invoice and the stock is sent to the customer by vendor,so we do MIRO ,Then why we do MIGO as we are not posting the stocks inside.,but for INDIVIDUAL PURCHASE ORDER we do MIGO and MIRO as we do both stock posting and invoice verification

 

Many of the gurus saying that we do MIGO and MIRO for third party

 

Can u pls clarify me what generally in the companies do in Third party sales

 

Thanks in advance

 

narayana

 

Message was edited by:

        manam narayana

 

Message was edited by:

        manam narayana

  • Re: MIGO & MIRO
    Roberto Mazzali
    Currently Being Moderated

    you need MIGO to feed the accounts related to stock property (purchase/invoice to receive), not related to phisical stock.

    Then with MIRO you post the invoice againts the vendor.

     

    pls. reward if helpful

    Roberto

  • Re: MIGO & MIRO
    Ramu R
    Currently Being Moderated

    Hi,

     

    In third-party order processing, your company does not deliver the items requested by a customer. Instead, you pass the order along to a third-party vendor who then ships the goods directly to the customer and bills you. A sales order may consist partly or wholly of third-party items. Occasionally, you may need to let a vendor deliver items you would normally deliver yourself. The following graphic shows how a third party business transaction is processed.

     

    http://www.sap-img.com/sap-sd/process-flow-for-3rd-party-sales.htm

     

    Reward points if it helps

     

    With regards

    Rajesh

  • Re: MIGO & MIRO
    kiran kumar vemula
    Currently Being Moderated

    Hi,

    In third party sales process why we do migo is to record the transaction which is happened between vendor and the customer, whatever the goods delivere to customer vendor raises invoice on company, but there must be some information regarding on what basis the invoice is raised,for that purpose they do migo

     

    Message was edited by:

            kiran vemula

  • Re: MIGO & MIRO
    Umesh Bhawalkar
    Currently Being Moderated

    Hi

     

    Doing both MIGO n MIRO is required. The stock has to come to company's account and then has to be issued for further sale to customer. This has to be reflected in stock statements which you furnish to your banks as an statutory requirement for the facilities you are granted by the banks. This is more out of accounting practice than any ERP.

     

    Pl reward if helpful.

     

    Umesh

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