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May 26, 2020 at 02:44 PM

MR11 post to COGS

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Hi,

I would like to use MR11 to clear GR/IR to a COGS account, however this is not possible as it is considered "not a clearing account with open transaction management" or something along those lines

I have been advised to clear to a valid account (we use accrual account) and then journal to the COGS account by a coworker, but this sounds like a logistical nightmare in terms of journals - there are several thousand GR/IR entries I need to clear

Is there a more efficient way of doing this?

Thanks.