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PO correction through MR11 T code

Hi Team,

We have the below situation:

PO, MIGO, MIRO Quantities respectively - 1, 1 and 2

Vendor invoice for quantity 2 (they posted invoice two times, each time with quantity 1) are already cleared (thankfully they are IC vendors only)

Now business has run MR11 and as expected MR11 posted the below accounting document:

Inventory Dr

GR/IR Cr

this is as per the standard behavior. Now business doesn't want this posting, I mean they want to clear and close the PO but they don't want any effect on Inventory.

What's the best way to clear/close the PO?

One obvious solution I could think of is:

Reverse the mr11, post reversal for invoice clearing and post reversal for MIRO (this won't be feasible as PO,MIGO, MIRO is from year 2015, and in fact MR11 entry is also from 2017 and we already closed 2017)

can some one advice me as to how we should proceed? (material in question has moving average price)

Thank you in advance.

Sree.

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  • Do you have GR Based IV tick for this line item ? And what was the accounting entry for goods receipt and vendor invoice ?

  • Hi Sir,

    Thank you for the reply.

    GR Based IV is checked for this item. Two invoices are posted on two different dates.

    GR: Inventory Dr

    GR/IR Cr

    IR: GR/IR Dr

    Vendor Cr

    and IR is repeated at a later date with same entry.

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1 Answer

  • Best Answer
    Apr 12 at 04:36 AM

    if you don't want the inventory account be effected then you probably have only one chance. You would need to goods issue the complete inventory then do the MR11 then cancel the goods issue. In this case MR11 would post to a difference account.

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    • Hi Sir,

      Thank you for responding.

      so you suggest I follow the below steps?

      1. Reverse the MR11 (assuming nothing has been posted after MR11 - no good receipts, invoice receipts, good issues etc..) this would nullify the effect the latest MR11 entry we posted.

      GR/IR Dr

      Inventory Cr

      2. Now do the goods issue and make the inventory quantity as 'zero'.

      3. Do MR11 now, so that Moving average price won't get affected.

      GR/IR Dr

      Price Difference Cr

      4. Then reverse the goods issue posted in step2

      Thank you,

      Sree.