What is total invoice value in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: total invoice value

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: The total amount on an invoice to be paid by the invoice recipient. There are two types of total invoice value: total gross invoice value and total net invoice value.

Smart SAP Assistant

• Key Concepts: 
  Total invoice value is a term used in SAP Supplier Invoicing to refer to the total amount of money that a supplier is requesting to be paid for goods or services provided. This amount is calculated by adding up the individual line items on the invoice. 
  
  How to use it: 
  In SAP Supplier Invoicing, the total invoice value is used to determine the amount of money that needs to be paid to the supplier. This value is calculated by adding up all of the individual line items on the invoice. Once this value has been determined, it can be used to generate payment requests and invoices. 
  
  Tips & Tricks: 
  When calculating the total invoice value, it is important to double-check that all of the line items have been included and that there are no discrepancies between the total amount requested and the individual line items. This will ensure that the correct amount is paid to the supplier. 
  
  Related Information: 
  The total invoice value is an important concept in SAP Supplier Invoicing as it determines how much money needs to be paid to the supplier. It is also related to other concepts such as payment requests and invoices. Understanding how these concepts work together can help ensure that payments are made accurately and on time.