Invoice Verification and the GR/IR in SAP S/4HANA

Most organizations receive so many supplier invoices daily that it becomes too difficult to manage without automation to verify that the invoices are correct and can be paid. This book gives you an in-depth look at how invoice verification works in SAP S4/HANA. Explore how different posting types are made, and how to monitor and make corrections when there is no exact three-way match between the purchasing document, the goods or services receipt, and the invoice. Learn how to review blocked invoices so that suppliers can be paid, as well as ensure that the general ledger accurately reflects what has been received, invoiced, and what should be accrued. Explore opportunities for streamlining your invoice verification process. Take a closer look at new functionality available with SAP S/4HANA and Fiori, as well as how some processes have been simplified. Walk through the invoice verification stages using Fiori and other apps. By using practical examples, tips, and screenshots, the author brings readers quickly up to speed on invoice verification and the GR/IR in SAP S/4HANA.

Invoice verification process in SAP S/4HANA
Tools for GR/IR reconciliation
Configuration settings that affect the invoice verification process
Period end processes and reporting