Procurement
What is Logistics Invoice Verification (LIV)?
The MM process for entering and checking supplier invoices against purchase orders and goods receipts.
Price and quantity variances outside tolerance block the invoice for payment. Blocked invoices are released via MRBR or workflow. Invoice verification posts to AP and clears GR/IR.
Related transaction codes
Related terms
Three-Way Match
Validating that purchase order, goods receipt, and invoice agree on quantities and prices before payment.
GR/IR Clearing Account
A clearing account that holds the value between goods receipt and invoice receipt for purchase orders.
Accounts Payable
The FI sub-ledger that manages supplier invoices, liabilities, and outgoing payments.
Tolerance Key
Configuration setting allowed deviations, such as price or quantity variances, before an invoice is blocked.
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