what is MIGO? where we can use? what is the use of that?..
Answers were Sorted based on User's Feedback
Answer / haps
hi
MIGO is a tcode GR/IR(goods received/invoice raised)
vendor sends goods the company with goods receipt
and varification of goods is done with goods receipt.
payment is done based on physical inventory verification
the entries are
on material receipt: inventory a/c Dr
to GR/IR
on material acceptence: GR/IR a/c Dr
to vendor
Is This Answer Correct ? | 12 Yes | 1 No |
Answer / james bond
MIGO is a part of 3 way matching or LIV process. When
material or service has been be received from the vendor by
your company; you
a. verify the value/qty against the PO
b. Create Goods receipt (MIGO)
c. Send to Payables
Hope this helps....
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / srinivasulu k
MIGO is a tcode which will use at the time of goods receipt to warehouse.we will generate GRN with Tcode MIGO.this is the first integration entry will be posted MM to FI that is Inventory DR
GRIR clearing account CR
GRIR is a just provision or clearing entry while receiving goods.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rams
i think it is nothing but posting an invoice through mm.
Is This Answer Correct ? | 1 Yes | 3 No |
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