what is MIGO? where we can use? what is the use of that?..

Answers were Sorted based on User's Feedback



what is MIGO? where we can use? what is the use of that?....

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

what is MIGO? where we can use? what is the use of that?....

Answer / monika.k

MATERIAL INWARD AND GOODS MOVMENT OUTWARD

Is This Answer Correct ?    6 Yes 3 No

what is MIGO? where we can use? what is the use of that?....

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

what is MIGO? where we can use? what is the use of that?....

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

what is MIGO? where we can use? what is the use of that?....

Answer / rams

i think it is nothing but posting an invoice through mm.

Is This Answer Correct ?    1 Yes 3 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

Hi all see the problem is, suppose i sold goods to customer 10 units @ 120 & my COGS (cost of goods sold) is 100 per unit . After that he told me your quality is not good ok & u r charging high 4 that i will pay you only 110 rs for that otherwise i will return ur goods. After that i made 1 credit memo 4 that of rs 10 ok. now the issue is it is also affecting the COGS but it has to remain same And will effect at profit & my profit must be reduced from 20 rs per unit to 10rs per unit & COGS must remain constant i.e is 100 rs

0 Answers  


Hello Guys, Can any1 help me with a SAP FICO teacher/tutor who can teah me.. i have finance domain knowledge just wana explore more in SAP FICO. Kindly help me or guide me in reading or gettingb trained in SAP FICO Thank You, 9341890232

5 Answers  


How do you post cross-company code business area postings?

0 Answers  


Can we change the depreciation value after Depreciation Run. How to activate deactivated or closed asset. And how to change Depreciation key after posting transactions.

1 Answers   Cap Gemini,


How data flows through mm into fi? : co-pa

0 Answers  






While running the F110 the payment method was not picking to the payment, I assigned payment method to vendor master also, even though it is not picking, please help out me

6 Answers   Cap Gemini,


A creation what does" manual creation of cost element " and " automatic creation of cost element" mean?

2 Answers  


what is the mean of group of accounts and examples

8 Answers   IBM,


Generally what order will be followed in implementation of sap modules?

0 Answers  


what is the difference between field status group and field status variant asked at tcs

4 Answers   TCS,


What are special gl transactions? : fi- accounts payable

0 Answers  


What are special periods used for?

0 Answers  


Categories
  • SAP Basis Interview Questions SAP Basis (1262)
  • SAP ABAP Interview Questions SAP ABAP (3939)
  • SAPScript Interview Questions SAPScript (236)
  • SAP SD (Sales & Distribution) Interview Questions SAP SD (Sales & Distribution) (2716)
  • SAP MM (Material Management) Interview Questions SAP MM (Material Management) (911)
  • SAP QM (Quality Management) Interview Questions SAP QM (Quality Management) (99)
  • SAP PP (Production Planning) Interview Questions SAP PP (Production Planning) (523)
  • SAP PM (Plant Maintenance) Interview Questions SAP PM (Plant Maintenance) (252)
  • SAP PS (Project Systems) Interview Questions SAP PS (Project Systems) (138)
  • SAP FI-CO (Financial Accounting & Controlling) Interview Questions SAP FI-CO (Financial Accounting & Controlling) (2766)
  • SAP HR (Human Resource Management) Interview Questions SAP HR (Human Resource Management) (1180)
  • SAP CRM (Customer Relationship Management) Interview Questions SAP CRM (Customer Relationship Management) (432)
  • SAP SRM (Supplier Relationship Management) Interview Questions SAP SRM (Supplier Relationship Management) (132)
  • SAP APO (Advanced Planner Optimizer) Interview Questions SAP APO (Advanced Planner Optimizer) (92)
  • SAP BW (Business Warehouse) Interview Questions SAP BW (Business Warehouse) (896)
  • SAP Business Workflow Interview Questions SAP Business Workflow (72)
  • SAP Security Interview Questions SAP Security (597)
  • SAP Interfaces Interview Questions SAP Interfaces (74)
  • SAP Netweaver Interview Questions SAP Netweaver (282)
  • SAP ALE IDocs Interview Questions SAP ALE IDocs (163)
  • SAP Business One Interview Questions SAP Business One (110)
  • SAP BO BOBJ (Business Objects) Interview Questions SAP BO BOBJ (Business Objects) (388)
  • SAP CPS (Central Process Scheduling) Interview Questions SAP CPS (Central Process Scheduling) (14)
  • SAP GTS (Global Trade Services) Interview Questions SAP GTS (Global Trade Services) (21)
  • SAP Hybris Interview Questions SAP Hybris (132)
  • SAP HANA Interview Questions SAP HANA (700)
  • SAP PI (Process Integration) Interview Questions SAP PI (Process Integration) (113)
  • SAP PO (Process Orchestration) Interview Questions SAP PO (Process Orchestration) (25)
  • SAP BI (Business Intelligence) Interview Questions SAP BI (Business Intelligence) (174)
  • SAP BPC (Business Planning and Consolidation) Interview Questions SAP BPC (Business Planning and Consolidation) (38)
  • SAP BODS (Business Objects Data Services) Interview Questions SAP BODS (Business Objects Data Services) (49)
  • SAP BODI (Business Objects Data Integrator) Interview Questions SAP BODI (Business Objects Data Integrator) (26)
  • SAP Ariba Interview Questions SAP Ariba (9)
  • SAP Fiori Interview Questions SAP Fiori (45)
  • SAP EWM (Extended Warehouse Management) Interview Questions SAP EWM (Extended Warehouse Management) (58)
  • Sap R/3 Interview Questions Sap R/3 (150)
  • SAP FSCM Financial Supply Chain Management Interview Questions SAP FSCM Financial Supply Chain Management (101)
  • SAP WM (Warehouse Management) Interview Questions SAP WM (Warehouse Management) (31)
  • SAP GRC (Governance Risk and Compliance) Interview Questions SAP GRC (Governance Risk and Compliance) (64)
  • SAP MDM (Master Data Management) Interview Questions SAP MDM (Master Data Management) (0)
  • SAP MRS (Multi Resource Scheduling) Interview Questions SAP MRS (Multi Resource Scheduling) (0)
  • SAP ESS MSS (Employee Manager Self Service) Interview Questions SAP ESS MSS (Employee Manager Self Service) (13)
  • SAP CS (Customer Service) Interview Questions SAP CS (Customer Service) (0)
  • SAP TRM (Treasury and Risk Management) Interview Questions SAP TRM (Treasury and Risk Management) (0)
  • SAP Web Dynpro ABAP Interview Questions SAP Web Dynpro ABAP (198)
  • SAP IBP (Integrated Business Planning) Interview Questions SAP IBP (Integrated Business Planning) (0)
  • SAP OO-ABAP (Object Oriented ABAP) Interview Questions SAP OO-ABAP (Object Oriented ABAP) (70)
  • SAP S/4 HANA Finance (Simple Finance) Interview Questions SAP S/4 HANA Finance (Simple Finance) (143)
  • SAP FS-CD (Collections and Disbursements) Interview Questions SAP FS-CD (Collections and Disbursements) (0)
  • SAP PLM (Product Lifecycle Management) Interview Questions SAP PLM (Product Lifecycle Management) (0)
  • SAP SuccessFactors Interview Questions SAP SuccessFactors (33)
  • SAP Vistex Interview Questions SAP Vistex (0)
  • SAP ISR (IS Retail) Interview Questions SAP ISR (IS Retail) (28)
  • SAP IdM (Identity Management) Interview Questions SAP IdM (Identity Management) (0)
  • SAP IM (Investment Management) Interview Questions SAP IM (Investment Management) (0)
  • SAP UI5 Interview Questions SAP UI5 (59)
  • SAP SCM (Supply Chain Management) Interview Questions SAP SCM (Supply Chain Management) (51)
  • SAP XI (Exchange Infrastructure) Interview Questions SAP XI (Exchange Infrastructure) (49)
  • SAP Cloud Platform Interview Questions SAP Cloud Platform (34)
  • SAP Testing Interview Questions SAP Testing (89)
  • SAP SolMan (Solution Manager) Interview Questions SAP SolMan (Solution Manager) (63)
  • SAP MaxDB Interview Questions SAP MaxDB (116)
  • SAP GUI Interview Questions SAP GUI (15)
  • SAP AllOther Interview Questions SAP AllOther (329)