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

final invoice - Overview

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The closing invoice in the context of Differential Invoicing, with final correction of the amounts previously calculated.

final invoice - Details

• 
  Key Concepts: 
  Final invoice is a term used in SAP's Materials Management (MM) Invoice Verification (IV) component. It is the last invoice that is created for a particular goods receipt or service entry. This invoice is used to settle the accounts between the vendor and the company. 
  
  How to use it: 
  In order to create a final invoice, the user must first enter the goods receipt or service entry into the system. Once this is done, the user can then create an invoice for the goods or services received. The invoice must be approved by the relevant department before it can be marked as a final invoice. 
  
  Tips & Tricks: 
  It is important to ensure that all invoices are marked as final invoices in order to ensure that all accounts are settled correctly. It is also important to ensure that all invoices are approved by the relevant department before they are marked as final invoices. 
  
  Related Information: 
  For more information on SAP's Materials Management (MM) Invoice Verification (IV) component, please refer to SAP's official documentation. Additionally, there are many online resources available which provide detailed information on how to use this component.