What is last credit memo in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: last credit memo

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: An indicator to show that a credit memo is the final credit memo expected for a contract or purchase order.

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• Key Concepts: 
  A Last Credit Memo is a document used in SAP Supplier Invoicing to indicate that a supplier has been paid in full for a particular invoice. It is issued by the buyer and sent to the supplier as proof of payment. The Last Credit Memo is also used to close out the invoice and prevent any further payments from being made. 
  
  How to use it: 
  In SAP Supplier Invoicing, the Last Credit Memo is created when the buyer has paid the supplier in full for an invoice. The Last Credit Memo is then sent to the supplier as proof of payment. The Last Credit Memo also serves to close out the invoice and prevent any further payments from being made. 
  
  Tips & Tricks: 
  When creating a Last Credit Memo, it is important to ensure that all of the information on the document is accurate and up-to-date. This includes the invoice number, date, and amount paid. Additionally, it is important to ensure that all of the necessary signatures are present on the document before it is sent to the supplier. 
  
  Related Information: 
  The Last Credit Memo is closely related to other documents used in SAP Supplier Invoicing, such as invoices, credit notes, and payment requests. It is important to understand how these documents interact with each other in order to ensure that payments are made correctly and on time.