What is delivered value in SAP MM-IV - Invoice Verification?

SAP Term: delivered value

• Component: MM-IV

• Component Name: Invoice Verification

• Description: Goods value that is determined at the time of goods receipt on the basis of the delivered value and which represents the procurement costs of the goods. The value is calculated on a simplified basis as follows: Goods receipt quantity * delivered price If you consider other influencing factors from the procurement transaction, it is calculated as follows: Gross price - price reduction * goods receipt quantity + delivery costs.

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• Key Concepts: 
  Delivered value is a term used in SAP MM-IV Invoice Verification to refer to the value of goods or services that have been received and accepted by the customer. It is the total amount of goods or services that have been delivered and accepted by the customer, minus any deductions for returns, discounts, or other adjustments. 
  
  How to use it: 
  In SAP MM-IV Invoice Verification, delivered value is used to calculate the total amount due from the customer. The delivered value is compared to the invoice amount to determine if there are any discrepancies. If there are discrepancies, they must be resolved before payment can be made. 
  
  Tips & Tricks: 
  When calculating delivered value, it is important to take into account any deductions for returns, discounts, or other adjustments. This will ensure that the correct amount is paid to the supplier. 
  
  Related Information: 
  Delivered value is closely related to invoice verification in SAP MM-IV. Invoice verification is a process used to ensure that all invoices are accurate and complete before payment is made. It involves comparing the invoice amount with the delivered value and resolving any discrepancies before payment can be made.