What does the term 'parked invoice' refer to in SAP S/4HANA procurement?

The term 'parked invoice' in SAP S/4HANA procurement refers to an invoice document that has been created but is not yet posted to the general ledger. This action allows users to save invoice details in the system for further review or processing without completing the transaction. Parking invoices is a useful feature that helps streamline the procurement process by allowing for adjustments, reviews, and approvals before final posting.

This capability is particularly valuable in scenarios where additional information is needed or if the invoice requires further verification against purchase orders or goods receipts. By having the invoice parked, users can ensure that all necessary checks and validations are completed before formally recording the financial details in the accounting system.

While invoices awaiting approval, invoices that cannot be processed yet, and disputed invoices represent various statuses of invoices in the procurement process, they do not specifically capture the essence of a parked invoice as defined by its ability to be saved for further action without being posted.