miro

[Former Member]

hi all,

may i know credit memo in miro is

1) a credit memo from vendor. so at my end, i will treat it as debit memo to debit the creditor

2) or its a debit memo from vendor and at our end in sap system, we enter as credit memo.

thanks

[Former Member]

Hi

credit memo in MIRO will post a debit posting to Vendor at the time of Invoice & the at the time of Invoice payment Credit posting on vendor. Mostsly thsi will be adjusted of in the Payments

[Former Member]

hi all,

i need to know the credit memo is correct for point 1 or point 2.

i guess is point 1. right?

can just let me know if 1 or 2 is correct?

thanks

[Former Member]

1) a credit memo from vendor. so at my end, i will treat it as debit memo to debit the creditor

If you are debiting the vendor in SAP That means Paying the Vendor. so point1 is not correct

2) or its a debit memo from vendor and at our end in sap system, we enter as credit memo.

Credit memo posting in SAP will result in Taking money back from the cutsomer , so its debit memo for the Vendor. Point 2 is correct

Edited by: Kishore Kumar Chiluka on Jul 15, 2008 11:15 AM

[Former Member]

hi kishore,

your reply has made me in doubt again.

the credit memo in miro transaction drop down list is vendor credit memo that sent to me or vendor sent me debit memo and i need to choose credit memo to enter in miro?

can forum just let me know the credit memo transaction in miro is vendor send me credit memo or vendor send me debit memo.

thanks

[Former Member]

Hi,

Kishore is correct.

If Vendor sends Credit memo means(he want money--credit means where the money goes-here goes to vendor).This in SAP,we will term as debit memo.

and Vice Versa.

Regards

[Former Member]

hi forum,

i just need this :

can forum just let me know the credit memo transaction in miro is vendor send me credit memo or vendor send me debit memo.

thanks

[Former Member]

Hi,

Vendor might have send the Debit memo to you and you have created Credit Memo in SAP.

Regards

[Former Member]

hi,

what i need is simple but i still not able to get the answer.

can forum just let me know the credit memo transaction in miro is vendor send me credit memo or vendor send me debit memo.

[Former Member]

Hi

is your debit memo requesting for more money apart from already invoiced or reduction of the Amount from the invoice already posted.

if it is requesting for more money then please post a Subsequent debit in MIRO

If it is requesting for deduction then please create a Credit memo.

Thanks & Regards

Kishore

[Former Member]

Hi Sap_User,

I think when you say ' vendor sent me credit memo ' means it should be a Credit memo and how can it be a Debit memo?

From LIV point of view, I'll try to give you some clarity (well I hope to, because I don't see mine is anything different from what our friends are trying to tell you earlier) From this, I am leaving it to your judgement for what you are looking for.

In MIRO, you got four options to select (as you know - from the pull down list on the first screen)

1. Invoice - where you'll debit the creditor by paying for his goods/service.

2. Credit Memo - This acts as a reversal to Invoice, or in your words, Credit the creditor. So if you cancel an Invoice, a credit memo would be raised.

3. Subsequent Debit - You can also read it as 'Value only Invoice' for posting additional invoice for the same quantity.

4. Subsequent Credit - This is again a reversal of above where you paid the supplier extra but want to take back some. You can also read it as 'Value only Credit memo' because the quantity will remain the same so that the system knows how many to spread this extra cost across.

Thanks

Madan

[Former Member]

hi,

i think most of you do not understand me correctly.

infact the 4 transaction in miro i understand. i just need to know the hardcopy of the document is initiated from which party.

invoice is sent by vendor to us. this is clear.

1) when we enter credit memo in miro, the hardcopy of credit note is sent from vendor to us right?

2) when enter subsequent debit in miro, either hardcopy of invoice or debit note is sent by vendor to us right?

3) when enter subsequent credit in miro, its hardcopy credit note sent by vendor to us right?

4) if we send debit note to vendor due to vendor overcharge (instead of vendor give us credit note), then we need to enter credit memo in miro, right?

thanks

[BijayKumarBarik]

Hi,

There are difference between Credit memo and subsequent debits/credits.In Subsequent Debits/Credits are used in cases where the quantity is in the original invoice is to remain the same.

Example...............

PO 10 - Rs.10

GR 10 - Rs.10

LIV 10 - Rs.11 (Logistics Invoice Verification)

The vendor invoice is more than that in the Purchase Order.In order to correct, the Vendor may send in another invoice for the Increased amount or a credit memo for the reduce amount.

If you approve of the price increase,post the subsequent invoice received as a Subsequent Debit Invoice.

If it is a credit memo that has been received for reducing Rs.1 of invoice price,then post the credit memo as Subsequent Credit.This would retain the quantity but reduce the amount.Subsequent Debit/Credit is for the case when the credit is not for the full amount eg..... if the Vendor decided to credit & only the Rs.1 over charged.

Credit memo is for the credit of the full amount and value.

You can do all in MIRO t.code:

Regards,

Biju K

[Former Member]

in this case you have to prepare Subsequent Credit in MIRO.

jignesh

[Former Member]

hi,

i just would like to know the credit memo in miro whether it is 1 or 2. not subsequent.

any advice.

thanks

[Former Member]

Correction in my Message that in this case you have to prepare Subsequent Debit against credit memo that you have received.

jignesh