What is subsequent credit in SAP MM-IV - Invoice Verification?

SAP Term: subsequent credit

• Component: MM-IV

• Component Name: Invoice Verification

• Description: A reduction in amounts debited in respect of posted business transactions. &EXAMPLE& You have received a credit memo from the vendor for the total quantity of goods delivered. Subsequently, freight costs still need to be credited to you, although the credit memo quantity remains the same.

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• Key Concepts: 
  Subsequent credit is a term used in SAP's Materials Management (MM) Invoice Verification (IV) component. It is a type of credit that is issued after the original invoice has been paid. This type of credit is typically issued when the goods or services received do not match the original invoice, or if the goods or services are returned. 
  
  How to use it: 
  In SAP's MM-IV component, subsequent credits are created by entering a credit memo in the system. This credit memo will be linked to the original invoice and will be used to adjust the amount due on the invoice. The credit memo can then be used to offset any future invoices from the same vendor. 
  
  Tips & Tricks: 
  When creating a subsequent credit in SAP's MM-IV component, it is important to ensure that all relevant information is included in the credit memo. This includes the reason for the credit, any applicable discounts, and any other relevant information. Additionally, it is important to ensure that all documents related to the subsequent credit are properly filed and stored for future reference. 
  
  Related Information: 
  For more information on subsequent credits in SAP's MM-IV component, please refer to SAP's official documentation on Invoice Verification. Additionally, there are many online resources available that provide detailed instructions on how to create and manage subsequent credits in SAP's MM-IV component.