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Former Member
Jun 25, 2008 at 06:30 AM

Accounting Entry in MIRO


Dear Friends,

In one of my project all the materials are valuated at Standard Price.

During testing, I have created a MIRO document against a PO with total value of $100/- (PB00) only and the PO does not have any other condition. (Total Value $100/-)

I have entered the PO reference in MIRO and it automatically took $100/-

I have also entered Unplanned Delivery cost (Re-Packing charges) $10/- which goes to Price variance since I have not assigned any G/L account for the same.

I have also entered Freight Clearing Account $10/- (which is directly posted to a Separate GL in MIRO)

The total comes to $120/- (there is no Balance and it says the document can be posted with Green light )

The Accounting Entry should have been :-

Debit GR/IR = 100/-

Debit Pur Price Variance = 10/-

Debit Freight Clearing A/c = 10/-

Credit Vendor= 120/-

Where as I am gettig the following A/c Entries when I simulate from MIRO.

Debit GR/IR = 100/-

Debit Pur Price Variance = 9.09

Debit Freight Clearing A/c = 10.91

Credit Vendor= 120/

Friends, Please take me to the right cause for this error.