Sunday 18 August 2013

Evaluated Receipt Settlement (ERS)

It is particularly suitable for creating settlement documents at regular
intervals.

ERS has the following advantages over the Logistics Invoice Verification done by MIRO
     •  Purchasing transactions are closed more quickly. 
     •  Communication errors are avoided. 
     •  There are no price and quantity variances in Invoice Verification. 

In test mode, the system can issue a list of goods receipts that can be settled and goods receipts that cannot be settled. The system makes no postings; it only lists the invoices selected. 

It is recommended to implement ERS only if a clear agreement exists with the vendor on the applicable conditions. The purchase order has to be updated for any price condition changes and has to be current.

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