Integrated Purchase Process

The purchase process starts with a Purchase requisition. At this state a commitment item for the money to be spend is created in CO. The integration point to FI is at goods receipt. Then a posting to GR/IR-account is made. When the invoice is posted the second posting to GR/IR account takes place. From here the accounting department and accounts payables takes over.

Download the Manual on Integrated Purchase Process.

If you like this post, you may as well like these too:

1. Acquisition Integrated with Accounts Payable Accounting If you are also using Accounts Payable Accounting, you can leverage the integration options and directly post an asset to a vendor when you acquire an asset (without reference to...
2. Difference between a Purchase Order and a Purchase Requisition A Purchase Requisition is a document type that gives notification of a need for materials or services. A Purchase Order is a document type that is a formal request for...
3. Purchase Requisition and Purchase Order Purchase requisition An SAP Purchase Requisition document is created electronically by a department (purchasing group) to request the purchase of goods or services. The approvals for the requisition are also...