What is invoice confirmation in SAP SCM-ICH-IV - Invoice?

SAP Term: invoice confirmation

• Component: SCM-ICH-IV

• Component Name: Invoice

• Description: Document in which the customer declares that the invoice and invoice amounts are correct. The invoice confirmation contains the following amounts: Gross Amount Net amount Tax amount The amounts in the invoice confirmation can deviate from the amounts in the original invoice.

Smart SAP Assistant

• Key Concepts: 
  Invoice Confirmation is a component of SAP's Supply Chain Management (SCM) module. It is used to confirm the receipt of goods and services from vendors and to ensure that invoices are accurate and complete. The component also allows for the tracking of vendor invoices and payments, as well as the reconciliation of vendor accounts. 
  
  How to use it: 
  The Invoice Confirmation component can be used to create and manage vendor invoices, as well as to track payments and reconcile vendor accounts. It also allows for the creation of payment plans, which can be used to manage vendor payments over time. Additionally, it can be used to generate reports on vendor performance and payment history. 
  
  Tips & Tricks: 
  When using the Invoice Confirmation component, it is important to ensure that all invoices are accurate and complete before they are sent out. Additionally, it is important to keep track of all payments made to vendors in order to ensure that all accounts are up-to-date and accurate. 
  
  Related Information: 
  For more information on the Invoice Confirmation component, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are a number of online resources available that provide detailed information on how to use this component.