What is the purpose of gr/ir account while posting good receipt and invoice verification?
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Answer Posted / Neeraj Kashyap
GR (Goods Receipt) and IR (Invoice Receipt) accounts serve as temporary accounting entries in SAP MM. When you post a goods receipt or an invoice, the system creates corresponding GR and IR entries that are automatically reconciled when you confirm the document.
1. The GR account represents the goods received from the vendor, while the IR account represents the costs associated with the goods.
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