accouts after GR and IV

[Former Member]

Hi sap gurus,

I posted P.O Price Rs 10.After GR &IV Price varries what will be the accounts generated after GR,IV.

Points to be rewarded

[BijayKumarBarik]

Hi,

Not clear about your pricing on PO , Invoice and amount of price variations.Ok. Just follow examples and accounting entries

1.Materail with Std. Price in Material Master

Material with standard price of 1.20 INR/pc.

Stock we have in Plant: 100 pcs

Rise Purchase order: 100 pcs at 1.30 INR/pc.

Goods receipt for this purchase order: 100 pcs

Invoice: 100 pcs at 1.24 INR/pc. = 124.00 INR

GR_________________

Stock account 120+

GR/IR account 130-

Price diff. expense 10+

IR___________________

GR/IR Account 130+

Venor Account 124-

Revenue Difference Account 6-

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2. Material with Moving Average Price

Material with moving average price of 1.20 INR/pc.

We have Stock: 100 pcs

Rise Purchase order: 100 pcs at 1.30 INR/pc.

Goods receipt for this purchase order: 100 pcs

Invoice: 100 pcs at 1.24 INR/pc. = 124.00 INR

GR______________________

Stock account 130+

GR/IR account 130-

IR________________________

Stock account 6-

GR/IR account 130+

Vendor account 124-

Hope helpful and then reward.

Regards,

Biju K

[Former Member]

Hi

You have post subsequent debit or credit to capture the price variance after GR and IR.

Please refer the following link with examples:

http://help.sap.com/erp2005_ehp_02/helpdata/en/a8/b99725452b11d189430000e829fbbd/content.htm

Regards

Ramakrishna

[Former Member]

Dear,

When you receive goods, the system credits the value of the goods (goods receipt quantity x net order price) to the stock account and posts the offsetting entry to the GR/IR clearing account. The GR/IR clearing account is cleared when the invoice is posted to the vendor account.

For material with standard price:

The GR/IR clearing account is cleared on the basis of the purchase order price. The offsetting entry is posted to the vendor account based on the invoice price. The invoice price is different to the purchase order price: The variance between the purchase order value and the invoice value is posted as follows:

To an expense account, if the invoice value is greater than the purchase order value

To a revenue account, if the invoice value is less than the purchase order value

For material with moving price:

The GR/IR clearing account is cleared on the basis of the purchase order price. The offsetting entry is posted to the vendor account based on the invoice price. The invoice price is different to the purchase order price: The variance between the purchase order value and the invoice value is posted to the stock account.

Regards,

w1n