What is value of goods received in SAP MM-IV - Invoice Verification?

SAP Term: value of goods received

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The sum of the amounts posted to the GR/IR clearing account for a business transaction when goods receipts are posted.

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• Key Concepts: 
  Value of Goods Received is a term used in SAP's Materials Management (MM) Invoice Verification (IV) component. It is the total value of goods received from a vendor, which is calculated by multiplying the quantity of goods received by the unit price. This value is then compared to the invoice amount to ensure accuracy. 
  
  How to use it: 
  In SAP MM-IV, the Value of Goods Received is used to verify that the invoice amount matches the total value of goods received from a vendor. To calculate this value, you must first enter the quantity and unit price of each item received from the vendor. Once these values are entered, the system will automatically calculate the Value of Goods Received. 
  
  Tips & Tricks: 
  When entering the quantity and unit price for each item received from a vendor, be sure to double-check your entries for accuracy. This will help ensure that the Value of Goods Received is accurate and that any discrepancies between the invoice amount and Value of Goods Received can be quickly identified and addressed. 
  
  Related Information: 
  The Value of Goods Received is an important part of SAP's Materials Management (MM) Invoice Verification (IV) component. For more information on this component, please refer to SAP's official documentation or contact your local SAP representative.