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Former Member
Jul 07, 2006 at 01:38 AM

Something Funny With GR/IR Clearing?

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Hi,

I wonder why do we need an adjustment account to configure the automatic GR/IR clearing because all we want to do is transfer the balance from GR/IR account to the target account, to achieve this, can't we just credit the GR/IR and debit the target account or debit the GR/IR and credit the target account?

Why do we need the adjustment account then?