Answer / durgesh m. kadam

It is G/L Account (Balance-sheet: Liability) in SAP.
We use this account for purchasing from Purchase Order only
because in this account posting makes automatically through
MM to FI. (Standard Practice)

Purpose: GR/IR clearing A/C holds the value of GR(MIGO) &
When create the Invoice w.r.t P.O. it flush the value from
the A/C.

Hope this is Helpful..!!

Please post answer if you have more info.

Answer / amit chandola

GR/IR Clearing a/c is used in Automatic account posting while doing the Goods Reciept (MIGO)

stock a/c Dr
to GR/IR clearing A/c MIGO -Goods Reciept


In MIRO

GR/IR clearing A/c Dr MIRO
To Vendor A/c

Answer / pp

If there is a quantity variance between the goods receipt
and the invoice for a purchase order, this results in a
balance on the GR/IR clearing account. The system expects an
additional goods receipt or an additional invoice to clear
this balance. If this is not done, you must clear the GR/IR
clearing account manually.
MB5S Tcode for list of GR/IR Balances.
MR11 Tcode for Maintain list of GR/IR Bala

Answer / venkatarao.darsi

It is G/L Account (Balance-sheet: Liability) in SAP.
We use this account for purchasing from Purchase Order only
because in this account posting makes automatically through
MM to FI. (Standard Practice)

Purpose: GR/IR clearing A/C holds the value of GR(MIGO) &
When create the Invoice w.r.t P.O. it flush the value from
the A/C.

Hope this is Helpful..!!

Please post answer if you have more info.

how the system generate document no range where as we create a document no range 1 to 9999999999 . how system pick up the particular no range ?

3 Answers   IBM, Noida Power,

---

What is the advantage of using Residual Payment method for vendor clearing and also using Partial Payment method.Which one is most suitable? Plz. give the explanation.

1 Answers  

---

A client running the business through world wide,but he has in all branches,all bank accounts in only ICICI Bank a/c's but how many house banks he need to create? How it explain me?

3 Answers   HCL,

---

Hi All, I want to change the payment terms for a vendor for the processed invoices from AT60 to NT30. But the total of open invoices would come to 350 invoices. Kindly provide suggestions whether there is any transaction code to do the mass change of payment terms?

4 Answers  

---

Can we issue cheques on the name of "sold to party" directly instead of payer, when rebate payment is made to customer through F110 transaction or F-18? Here the customer is having multiple partner functions.

1 Answers   Infosys,

---

what's new in ECC6 in sap fi/co?

9 Answers   HCL,

---

What are the customization we have to do for foreign vendor? and How to make payment through APP? how the vendor is taken this payment(i mean how to send this payment to vendor)?

1 Answers   iGate,

---

Hi, Let me know what is the config. required for customer's interest calculation kindly explain briefly.

1 Answers  

---

What are the different role of SAP FICO consultant during the different implementation phases of ASAP Road map. and what are the tool and documents he is using ? plz give me anser

2 Answers   TCS,

---

Dear experts can you please explain to me whether a vendor/customer master data have 2 different terms of payment in the company code segment and the purchasing organization/sales area segment simultaneously??

0 Answers  

---

what is the land scape and plz tell me the process of work in land scape seperately.

3 Answers   IBM,

---

How does the special GL balances are shown in the balance sheet

2 Answers   Wipro,

---