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    The P2P cycle involves 3 steps: 1) Creating a purchase order using code ME21N to send requirements to a fixed vendor. 2) Receiving goods and doing a good receipt with code MIGO, referencing the purchase order. 3) Final payment to the vendor using code MIRO by matching the purchase order, goods receipt, and invoice amount.

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    The P2P cycle involves 3 steps: 1) Creating a purchase order using code ME21N to send requirements to a fixed vendor. 2) Receiving goods and doing a good receipt with code MIGO, referencing the purchase order. 3) Final payment to the vendor using code MIRO by matching the purchase order, goods receipt, and invoice amount.

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    33 views3 pages

    p2p Doc2

    Uploaded by

    mangal deo pathak
    The P2P cycle involves 3 steps: 1) Creating a purchase order using code ME21N to send requirements to a fixed vendor. 2) Receiving goods and doing a good receipt with code MIGO, referencing the purchase order. 3) Final payment to the vendor using code MIRO by matching the purchase order, goods receipt, and invoice amount.

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    of 3

    P2P CYCLE

    INTRODUCTION
    P2P cycle starts with Purchase Order where we send the
    requirement to the fixed vendor, then we receive goods and do
    the GR (Good Receipt). Finally we do Payment to the vendor
    with MIRO T-code

    1. Purchase Order - T -Code -ME21N

     In PO, We Mention all the important details like Vendor


    Name, Purchase Org, Purchase Group , Material, Plant,PO
    order quantity and price

     Then we release that PO to that particular Vendor


    2 . Good Receipt (GR) T- Code -MIGO

     When a Store Person receives the goods ,then we do the GR


    with the help of MIGO T-Code with the reference to same
    PO which you sended to same Vendor and also entering the
    material no .
    3. INVOICE VERIFICATION(IR) T-Code -MIRO

     Last step is Invoice Verification, where we finally pay


    payment to vendor with reference to PO.
     Matching all the records like PO order quantity, Goods
    Received by the Store Person and the Amount enter at the
    time of PO

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