ESSAR Projects (India) Limited Project Navodaya User Manual€¦ · FICO-IV using MIRO Now click on...

Last changed on: Last changed by: Version: 1.0 Page:

8/5/2010 Ragothma Rao 1

Project Navodaya Phase IV User Manual

FICO-IV using MIRO

ESSAR Projects (India) Limited

Project Navodaya – User Manual

FICO-Invoice Verification using MIRO




FICO-IV using MIRO

Revision History

Version

Number

Brief description of change

Affected Section(s)

Effective Date Prepared By Reviewed By

1.0 Initial release Finance 08/07/2010 Ragothma Rao




FICO-IV using MIRO

Table of Contents

1. Overview ................................................................................................................................................. 4

2. Vendor Invoice Verification .............................................................................................................. 4

3. Display Invoice Document .............................................................................................................. 10




FICO-IV using MIRO

1. Overview

Business Process Description Overview

To post a down payment made in cases where a down payment request has been issued, you select the down payment request when you post the down payment. The system then only needs the data in the initial screen to make the posting. These include the vendor's account number, the bank account number, and the special G/L indicator. The system takes all other data, such as amount or tax code, from the down payment request. If you need to make any further specifications, the system offers you the down payment line item, after you have selected the post function, so that you can make any necessary corrections.

2. Vendor Invoice Verification

Access the transaction by:

Via Menus Logistics->Materials Management->Purchasing->Purchase Order->Follow-on Functions->Logistics Invoice Verification Or




FICO-IV using MIRO

Logistics->Materials Management->Logistics Invoice Verification->Further Processing->Display Invoice Document

Via Transaction Code MIRO

Once you enter the below details along with the purchase order number and press enter you will observe that the purchase order line items will appear in the bottom of the screen

All the items are in selected mode i.e. highlighted in yellow. If you want to exclude a particular item from this invoice booking then you may deselect it. Select the next tab i.e. the Payment tab. You can change the details in this tab like the payment terms or baseline date etc.




FICO-IV using MIRO

Click on the Details tab




FICO-IV using MIRO




FICO-IV using MIRO

Click on the Tax tab

Click on the Withholding tax tab

Enter the withholding tax code if the vendor is subject to TDS/WCT. Come back to the Basic data tab enter the amount from the field “Balance”

The down payment existing for this vendor will be cleared in this stage by selecting the

button. Enter the amount of down payment to be cleared in this pop up window and click on enter




FICO-IV using MIRO

Click on to view the transactions before posting

You can see above that 2 transactions will be generated, the first one for down payment clearing and the second one for creation of vendor liability due to invoice booking.




FICO-IV using MIRO

Now click on to post the transactions

3. Display Invoice Document

Access the transaction by:

Via Menus Logistics->Materials Management->Logistics Invoice Verification->Further Processing->Display Invoice Document

Via Transaction Code MIRO/MIR4

Click on the button and enter the document number generated earlier




FICO-IV using MIRO

Click on Follow on Documents

You can see that 2 accounting documents are generated. Click on the 1st document. This is the invoice booking document.




FICO-IV using MIRO

Click on the 2nd accounting document. This is the down payment clearing document.

ESSAR Projects (India) Limited Project Navodaya User Manual€¦ · FICO-IV using MIRO Now click on...

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