What is 'final invoice' in SAP MM-IV-LIV - Logistics Invoice Verification?

final invoice - Overview

• Component: MM-IV-LIV

• Component Name: Logistics Invoice Verification

• Description: Closing invoice in the context of differential invoicing, with final correction of previously calculated amounts.

final invoice - Details

• 
  Key Concepts: 
  A final invoice is a document that is created in the Logistics Invoice Verification (MM-IV-LIV) component of SAP. It is used to record the receipt of goods and services from a vendor and to initiate payment for those goods and services. The final invoice is the last step in the invoice verification process and is used to confirm that all goods and services have been received and that payment can be made. 
  
  How to use it: 
  In order to create a final invoice, the user must first enter the vendor’s invoice information into SAP. This includes the vendor’s name, address, and invoice number. The user must then enter the goods or services that were received from the vendor, along with any applicable taxes or discounts. Once all of this information has been entered, the user can then create a final invoice. 
  
  Tips & Tricks: 
  When creating a final invoice, it is important to double-check all of the information that has been entered into SAP. This includes verifying that all goods and services have been received from the vendor, as well as ensuring that any applicable taxes or discounts have been applied correctly. Additionally, it is important to ensure that all of the vendor’s information is correct before creating the final invoice. 
  
  Related Information: 
  The Logistics Invoice Verification (MM-IV-LIV) component of SAP also includes