Clearing Journal - Closing GRPO for GRNI Account on Balance Sheet

[Former Member]

Hi

Please could someone confirm for me that the clearing journal posted to the GL when closing a GRPO is as follows:

DR     GRNI

CR                  Trade Creditors    

Thanks

[kothandaraman_nagarajan · Accepted solution]

Hi,

Please explain with an example to understand your posting.

Thanks & Regards,

Nagarajan

[Former Member · Accepted solution]

Nagarajan

1. Raise a PO in SAP to order some stock.

2. Stock comes in - no invoice received though - so following journals happen:

DR     Stock on hand

CR          GRNI (amount waiting to be transferred to trade creditors on receipt of invoice)

3. Invoice received - clearing journal processed when open item closed

DR   GRNI

CR     Trade Creditors

Thanks

Lisa

[peddinti_pratap · Accepted solution]

Hello Lisa,

after raised invoice from GRPO ,GRIN account was nullified and it was transfer to vendor a/c.

Thanks&Regards,

[kothandaraman_nagarajan · Accepted solution]

Hi,

Yes correct.

Thanks & Regards,

Nagarajan

[Former Member · Accepted solution]

thank you

[Former Member · Accepted solution]

thank you

[kothandaraman_nagarajan]

Hi,

If you got answer, please close this thread by marking correct answer.

Thanks & Regards,

Nagarajan