What is parked invoice document in SAP MM-IV - Invoice Verification?

SAP Term: parked invoice document

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The parked data of a vendor invoice saved in the SAP System using the "Park Incoming Invoice" function. You park invoice documents if: Information for posting the invoice document is missing, for example, the balance is not zero. The business process of invoice entry is performed in several steps, for example, by clerks responsible for invoice entry and by invoice verification staff. When parking documents, you must enter the following: Document date Invoicing party Vendor Account assignment objects The following updates take place: Document changes are logged Data for advance tax returns Index for duplicate invoice check Vendor open items PO history You can change, complete, delete, or post parked invoice documents. However, they can no longer be put "on hold."

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• Key Concepts: 
  A parked invoice document is a document created in SAP MM-IV Invoice Verification that is not yet posted to the general ledger. It is used to store invoices that need to be reviewed and approved before they can be posted. The document can be edited and changed before it is posted. 
  
  How to use it: 
  To create a parked invoice document, go to the SAP MM-IV Invoice Verification module and select the “Create Parked Document” option. Enter the necessary information such as vendor, invoice number, and amount. Once the document is created, it can be edited or changed before it is posted. 
  
  Tips & Tricks: 
  When creating a parked invoice document, make sure to double-check all of the information entered for accuracy. This will help ensure that the document is posted correctly when it is approved. 
  
  Related Information: 
  For more information on parked invoice documents, refer to the SAP Help documentation or contact your local SAP support team.