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author's profile photo Former Member
Former Member

accounts updation

hi gurus,

can anybody clearly explain how the stock account & vendor accounts will updated after doing GR & IR.

I am in little bit of confusion, please clarify

thanks in advance

Regards,

subbu

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5 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Sep 15, 2007 at 03:44 PM

    Hi,

    When u do Goods receipt..

    Stock account DEBIT

    GR/IR Credit

    When you do Invoice verification

    Vendor account Credit

    GR/IR Debit

    Regards,

    Rohan

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 15, 2007 at 07:45 PM

    If it is material PO then

    GR

    GR/IR = -ve

    Stock a/c = +ve

    Purchase price difference = +ve or -ve depends on the purchase price

    IR

    GR/IR = -ve

    Vendor a/c = +ve

    Purchase price diffenec a/c = +ve or -ve depends on the Invoice price

    Payment

    Vendor = -ve

    BAnk a/c = +ve

    If service/w/o material PO

    GL a/c specfied in the PO a/c assigment tab page = +Ve

    Vendor a/c = -ve

    Payment

    Vendor = -ve

    BAnk a/c = +ve

    I hope it is clear to you

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 16, 2007 at 01:34 PM

    dear subbu,

    Did i answer your problem, if not please come up with your question or close the thread with rewards.

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  • Posted on Sep 16, 2007 at 02:46 PM

    Hi,

    GR & IR will updated by movement of goods. In SAP every movement of goods is followed by one movement type and movement type trigged transaction event keys.G/L account assignment and G/L account assigned to transaction event key(OBYC).

    When you will receive the goods (MIGO), the movement type is 101 and the entries are:

    DR- Raw material inventory account

    Cr - GR/IR Clearing Account.

    So here GR/IR account is an Interim Account where the value will be stored till you receive the Invoice from Vendor.

    Once you received Invoice from Vendor, Go for (MIRO) Invoice Verification. The GR/IR clearing account will be set off (Nullified) with the below transactions:

    DR- GR/IR Clearing Account,

    CR- Vendor Account.

    So In this way GR/IR Clearing Account is nullified.

    If helpful then reward.Close the thread if answered.

    Regards,

    Biju K

    Message was edited by:

    Bijay Kumar Barik

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 07:49 AM

    Dear,

    Please donot keep it opn, if answered reward and close, if not come with your querry

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