What is Invoices and Credit Memos in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: Invoices and Credit Memos

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: A work center view that enables you to display and edit invoices, credit memos, and down payment requests, and to create follow-up documents such as cancellation invoices.

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• Key Concepts: 
  Invoices and Credit Memos are documents used to record financial transactions between a buyer and a seller. An invoice is a document sent by the seller to the buyer that states the amount due for goods or services provided. A credit memo is a document sent by the seller to the buyer that states the amount of money that is being credited back to the buyer for goods or services that were not provided. 
  
  How to use it: 
  In SAP SRM-Supplier Invoicing, invoices and credit memos are used to record financial transactions between a buyer and a seller. The buyer can create an invoice or credit memo in SAP SRM-Supplier Invoicing, which will be sent to the seller. The seller can then view and approve the invoice or credit memo in SAP SRM-Supplier Invoicing. Once approved, the invoice or credit memo will be recorded in SAP SRM-Supplier Invoicing and can be used for accounting purposes. 
  
  Tips & Tricks: 
  When creating an invoice or credit memo in SAP SRM-Supplier Invoicing, make sure to include all relevant information such as the date, amount due, and any applicable taxes. This will ensure that all financial transactions are accurately recorded in SAP SRM-Supplier Invoicing. 
  
  Related Information: 
  For more information on invoices and credit memos in SAP SRM-Supplier Invoicing, please refer to the SAP Help documentation.