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author's profile photo Former Member
Former Member

IR Reversal before GR reversal?

Hi

This is an issue being faced by my client.

Basically some GR's have been posted with wrong price order unit which resulted in a large value (wrong) posting in the accounting document of the GR. IR's were posted with correct values. Thereafter they have tried to reverse/cancel the material documents posted with the wrong value but they could not do it with correct values. My analysis shows that unless the IR postings are reversed the GR postings cannot be rectified.

Please let me know yr thoughts on this.

Also need to know if these IR postings can be reversed, in order to correct the GR postings.

Rgds

Ravi

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 04, 2007 at 05:01 PM

    Yes. IR needs to be reversed before GR can be reversed.

    To reverse IR, you need to post Credit Memo. The procedure is same as that as posting an invoice, except you select "Credit Memo" instead of "Invoice" in MIRO.

    You can also have the setting to reverse GR without reversing IR, but it is not recommended. I had faced a problem with this setting. This allows to reverse GR without reversing IR. Then I could post a new GR and MIRO for this GR. So better not to have this setting.

    Lakshman

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