accounts updation

[Former Member]

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

[Former Member]

Dear,

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

[BijayKumarBarik]

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

[Former Member]

dear subbu,

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

[Former Member]

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

[Former Member]

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