INVOICE PLAN

 The invoicing plan is a utility allowing you to specify when and for which
amount you wish to create invoices
 In agreement with your vendor, you can have invoices created automatically
on the basis of invoicing plan data and initiate their payment. In this case,
the system employs the Evaluated Receipt Settlement (ERS) process

PERIODIC INVOICING PLAN

 In the case of the periodic invoicing plan, the total value of the PO item is
invoiced on each due date.
 The periodic invoicing plan can be used for regularly recurring procurement
transactions (e.g. rental, leasing, or subscriptions).

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PERIODIC INVOICING PLAN
Business Scenario
 In a small scale industry company requires a lathe for machining for some
project. But they do not want to buy lathe machine so they decided to take
on rent from 01.06.2022 to 01.06.2023 one year for 15000 per month from
gaurav machine tool supplier
 Company agree to pay monthly payment to vendor gaurav machine tool and
supplier
 For this type of process we have to do periodic invoice planning

STEP 1 : CREATE VENDOR AND SELECT PREREQUISITE XK01

PREREQUISITE
AUTOEVLGRSETMTDEL
INDICATOR SHOULD BE ON

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STEP 2 : CREATE FRAMEWORK ORDER

(ME21N)

FRAMEWORK ORDER IS
SELECTED FOR INVOICE
PLANNING

UNDER HEADER
TAB ADDITIONAL
DATA START DATE
AND END DATE
MENTION

COST CENTER

IN INVOICE PLAN
GOOD RECEIPT
INDICATOR
SHOULD BE OFF

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STEP 3 : SELECT INVOICE PLAN IN PURCHASE ORDER ME21N

CHECK INDICATOR

MONTHLY
PAYMENT
SCHEDULE
GENERATE BY SAP
AUTOMATICALLY

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STEP 4 : INVOICE PLAN SETTLEMENT MRIS

FILL THE
REQUIRED DATA

MATERIAL ACCOUNTING DOCUMENT

DOCUMENT CREATED FOR FIRST RENT
CREATED FOR FIRST INSTALLMENT
RENT PAYMENT

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PARTIAL INVOICING PLAN

 In the case of the partial invoicing plan, the total value of the PO item is
broken down and spread over the individual dates of the invoicing plan
 The partial invoicing plan can be used for the invoicing of high-cost material
or projects involving the procurement of external services that are to be
subject to stage payments (such as plant construction projects, or the
invoicing of individual stages of a building project following completion in
each case)

Business Scenario

 In a small scale industry company requires a Drill machine for machining

for daily activity. But due to low turnover they cannot complete payment in
one time
 Therefore company purchase drill machine from vendor at cost 50000. And
agree to pay cost in two instalment 25000+25000
 For this type of scenario we have to use partial invoice plan

STEP 1 : CREATE VENDOR AND SELECT PREREQUISITE

INDICATOR SHOULD BE ON

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STEP 2 : CREATE FRAMEWORK ORDER AND SELECT

PREREQUISITE ME21N

FRAME WORK
ORDER TO BE
SELECTED

ENTER STARTING
DATE AND END
DATE IN HEADER
ADDITIONAL DATA

GOOD
RECEIPT
INDICATOR
SHOULD BE
OF

STEP 3 : SELECT INVOICE PLAN IN PURCHASE ORDER ME21N

CHECK INDICATOR

SELECT PARTIAL
INVOICE PLAN

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 ENTER
INSTALLMENT
DATE AND %
MANUALLY

STEP 4 : INVOICE PLAN SETTLEMENT MRIS

ENTER REQUIRED
DATA

FIRST
INSTALLMENT
SETTLE
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ACCOUNTING
DOCUMENT

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