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Former Member
Apr 10, 2008 at 12:45 PM

GR/IR account functionality


Dear Guru's,

Any one please calarify,

how gr/ir account functions iam not clear about this one, what i understand is

1)GR/IR account is a gl account with open item managed one.

2) when goods received it was posted by crediting to this account and debiting to stock accout.

3) At the time of invoice receipt we pass entry by debiting GR/IR account and crediting party account

4) balance in this account like debits and credits are cleared by automaticlly running F.13

I am not understanding this MR11 and OBYP ?