How to use OFIV - Invoice verification rules for PPA

OFIV - Overview

• Transaction Code: OFIV

  Description: Invoice verification rules for PPA

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FMFG_PPA_E

    Package Description: Prompt Payment Act

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FG-PP

    Description: US Prompt Payment Act

OFIV - Details

• SAP Tcode: OFIV - Invoice verification rules for PPA

  
  Overview:
  The SAP transaction code OFIV is used to define invoice verification rules for PPA (Payment Proposal Agreement). This code is used to set up the rules that will be used to verify invoices before they are paid. It is important to ensure that all invoices are verified correctly in order to avoid any potential fraud or incorrect payments. 
  
  Functionality: 
  The OFIV transaction code allows users to define the rules that will be used to verify invoices. This includes setting up the criteria for verifying invoices, such as the amount, date, and other details. The rules can also be set up to allow for automatic verification of invoices, which can save time and reduce errors. 
  
  Step-by-step How to Use: 
  1. Access the OFIV transaction code by entering it into the command field in SAP. 
  2. Select the “Define Rules” option from the menu. 
  3. Enter the criteria for verifying invoices, such as the amount, date, and other details. 
  4. Select “Save” to save the rules. 
  5. Select “Test” to test the rules before they are applied. 
  6. Select “Activate” to activate the rules and begin using them for invoice verification. 
  
  Other Recommendations: 
  It is important to regularly review and update the invoice verification rules in order to ensure that they are up-to-date and accurate. Additionally, it is recommended that users test the rules before activating them