When we will use GR/IR clearing A/c?
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 10 Yes | 1 No |
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
| Is This Answer Correct ? | 3 Yes | 1 No |
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
| Is This Answer Correct ? | 1 Yes | 0 No |
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
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