Question { Accenture, 12722 }

Brief about g/r I/r clearing. Can’t v avoid this a/c?
Process?

Answer

Gr/Ir clearing account is a interim account.
It is used in FI-MM integration.
GR/IR will be an open item account till the invoice is received.
GR/IR account should be a auto-posting account.

During Goods receipt (MIGO) Inventory Account will be debited and GR/IR
clearing account will be credited.
During Invoice Receipt (MIRO) Vendor Account will be credited and debits the
GR/IR clearing account.