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