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Invoice verification Invoice date,Posting date and Baseline Date

former_member1282879
Participant
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Hi Sap Gurus

Pls Tell Me in detail what Dates should be entered at MIRO transaction,

Invoice date,Posting date and Baseline Date

i presumed that the date on the Invoice slip will be Invoice date,

But in the Invoice the Date is very long back, say a month Older,

the month of Posting as Posting date, but any posting Date made in MIRO will be Paid after 2 or 3 months so in this case what should be the Posting date.

at Base line date in the present company Senario the Discount on Vendor payment is literally valid for all the time , say

In Invoice if the condition is 10% discount if paid in 30 days is given.

but in actual sense the Vendor is paid 10% less even if he is paid after 4 or 6 months also, so in this case what should be the Entry in Baseline date

  1. another senario is the vendor has sent only one Invoice for 2 POs how can this be accomadated in SAP

Pls suggest its Urgent,

Age may have a Bar, But Points No Bar

Thanks and Regards

Sathish

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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1)Invoice date is the date on which you recieved the invoice.

2)Posting date is the date on which u are doing MIRO.It will post the accounting document in the period which is given in posting date.Payment will be done by FI dept and at that time a clearing document will be posted.Invoice document is one of the process before payment

3) baseline date is used for calculation of discounts

4)U can use the multiple PO option in MIRO by clicking onto the arrow icon beside the field where u give PO number.

Reward if helpful

former_member1282879
Participant
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Hi Veneeth and santosh,

thanks a Lot for your Quick Replies, it saved my Day,

because when i contacted my Team Lead through phone, he helled out it is not Possible to Club POs in Miro But before telling to client i posted this quiery to SDN.

i want to know if in the Payment Terms if some conditions are maintained like say

10% Discount for Payment With in 30 days, if

PO created on 01.11.2007.

GR done at 10.11.2007.

Invoice slip Received at 30.11.2007 but having the Date on it as 20.11.2007,

Now in Miro if i Enter Invoice date as 30.11.2007

and post it on the 10.12.2007 as Posting date. and base line date as Same 10.12.07,

so if FI makes the check with in One month after 10.12.2007 it will create a check with the said Discount Amount in invoice,

and if they Make the check after one month of 10.12.2007 ie after 10.01.2008 the check amount will be with out discount, if iam right.

so extending Base Line Date extends the Validity of Discount dates as compared to Invoice document,

i want to know is there any FI relation to this Base line date Period. how will they come to Know which Checks are in the front Run to avail discounts,

*********************************************************************************************

and suppose

and we have posted the Invoice (posing date) on 10.12.2007,

but the FI are going to Pay the Vendor or create Check after 3 Months, then The Balence sheet (or Profit and loss) is Maintained in which Month

will the system Allow this if so with what Logic.

Thanks and Regards,

Sathish

Former Member
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Hi

LIV is nothing but You are getting Invoice from the Vendor for your PO and GR.....and you are checking the Invoice for Price, Qty,Amount etc. by refering the PO and posting the Invoice...

Invoice Date :

The date of Vendor' Invoice...ie) Date at which the vendor Raised the invoice for his supply against your PO...

Posting Date :

The Date at which you actually Verifying Vendor's Invoice and doing the Posting...

base line date :

Generally the Posting Date...

The Imp. of Baseline date is for eg)

If in the Payment Terms if some conditions are maintained like say

10% Discount for Payment With in 30 days, if

PO created on 01.11.2007.

GR done at 10.11.2007.

Invoice slip Received at 30.11.2007 but having the Date on it as 20.11.2007...

So as per your terms you will get 10% Discount if you make the payment on or 20.12.07....

Here if you keep inv. Date: 20.11.2007 and Posting Date : 30.11.2007 and Baseline Date as 30.11.2007 ( you cannot maintain baseline date earlier than Posting date)....even though as per terms the you are eligible for discount if you make the payment on or before 20.11.2007.....as per the system you are still eligible to get the Discount if you make payment on or 30.12.2007( since you have maintained baseline date as 30.11.2007)...

this way Baseline date is Importane...

Generally we use to maintain always Posting Date as Baseline date....

It is advantageous..

Reward if useful

regards

S.Baskaran

Answers (1)

Answers (1)

Former Member
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all the things mentioned by u are right.

Baseline date is the date from which terms of payment acts.

In Miro U can select purchase orders on the basi of <i><b>vendor</b></i>

Donot select on purchase order.

I hope it will definately help yuo.