Process ERS Invoice

Process ERS Invoice - MRRL (MRRL)

When To Do This

Perform this procedure to generate Evaluated Receipt Settlement (ERS) Invoices after goods have been received for a purchase order that has been paid by Letter of Credit or for certain vendors that have agreed to participate in ERS.

Business Process Overview
For Letter of Credit and ERS vendors, invoices are generated based on the goods receipt quantity and PO price. The vendor does not send an invoice to Limited Brands. This procedure is run in test mode first to verify invoices generated then processed to create the ERS invoice(s).

Input - Required Fields

Field Value/Comments

Company Code

Select Company Code

Doc. selection

Select Document Selection

ERS invoices can be generated by vendor (one invoice per vendor), purchase order (one invoice per PO received), order item (one invoice for each item received) or by goods receipt (one invoice for each goods receipt.)

Output - Results	Next Steps
PO related invoices are created.	Payment processing or Letter of Credit reconciliation

Key Notes

None

Procedure

1. Please refer to the "Internal Controls Procedures" for manual procedures that are critical to ensuring an effective control environment for this activity.

2. Start the transaction using the menu path or transaction code.

Evaluated Receipt Settlement (ERS) with Logistics Invoice Verification