GR/IR clears the following documents

[Former Member]

Hi Guys,

What do we mean by

GR/IR Clears the following Documents

GL Document

Customer Documents

Vendor Documents .

GR/IR is a clearing account but how does it clear the above documents.

thanks in advance..

srikanth

[Former Member · Accepted solution]

hi srikanth,

GR means Goods reacived but u did not received the invoice.

IR means u received the incoice

At these two cetivation no accouts will be clear

but Inventory A.C ,GR IR A.c,Vendor master Records will be update.

When the Payment will u do then only That A.C's will be clear