For optimal viewing of the slides,please press CTRL+SHIFT+F

Logistics Invoice Verification (LIV) in SAP MM is a crucial step in the procurement process where the system matches the vendor's invoice with the goods receipt and the purchase order. This verification ensures that the quantities and prices on the invoice align with the goods received and agreed-upon prices. LIV helps in preventing errors, discrepancies, and fraud by providing a structured approach to verify invoices, enabling businesses to streamline their accounts payable processes. By automating the verification process, organizations can reduce manual effort, minimize errors, and ensure timely payments to vendors, strengthening supplier relationships.

Total Based Acceptance in SAP MM refers to a scenario where the system compares the total invoice amount with predefined tolerance limits to determine whether the invoice should be accepted for payment. If the total amount falls within the tolerance range set by the organization, the invoice is automatically accepted for payment. Total Based Acceptance helps in flagging discrepancies in the invoice amount, facilitating prompt resolution and reducing the risk of overpayment or underpayment. By configuring tolerance limits based on business requirements, companies can maintain control over their accounts payable operations and ensure accuracy in financial transactions.

Small Amount in SAP MM pertains to a feature that allows organizations to define a threshold below which invoices can be processed without a goods receipt. This feature is particularly useful for handling low-value transactions efficiently, eliminating the need for goods receipts for insignificant purchases. By automating the processing of small amount invoices, organizations can expedite payment processing, reduce administrative effort, and improve overall efficiency in accounts payable operations. Leveraging the Small Amount functionality in SAP MM can help businesses optimize their procurement processes, enhance operational agility, and save time and resources.