Using Invoicing Plans

You enter a scrap posting if it is not possible to use a material any longer, for example, because it has been damaged or because its minimum shelf life has been exceeded. Scrapping is possible from each of the three stock types and is entered as a GI without a reference.

The following movement types are defined for scrapping:

• 551: Withdrawal for scrapping from unrestricted-use stock
• 553: Withdrawal for scrapping from stock in quality inspection
• 555: Withdrawal for scrapping from blocked stock

Scrapping causes a reduction in the associated stock. The system moves the value of the scrapped material from the stock account to a scrap account.

• Invoicing plan basics: Schedule invoice creation independently of actual receipt for planned materials or services procurement payments.
• Types of invoicing plans: Utilize periodic plans for recurring payments and partial plans for individualized invoicing schedule needs.
• Periodic example: Automate monthly rent payment schedules using system-calculated invoice dates for effective cash flow management.
• Control and settlement: Set GR/IR controls for invoice receipt, configure ERS, and specify tax codes for automatic settlement processes.