month end process

[Former Member]

Hi All,

Please provide inputs:

We received invoice on 5th Aug 2009. but actual documents date was in 12th of June 2009. if I post in current period, what will be the impact on GRIR accounts. In June GRIR account was mismatched what we need to do in month ending to clear the GRIR differences. Please provide inputs.

thanks

[Former Member]

Hi

you are already entered the GRN in 12th june. now you are received the invoice. so you can post the posting date value as on date and document values is invoice data.

GR/IR account date difference is concern. system will date the PO number wise balance when you are clearing the GR/IR account not in posting date.

in every business we can not except the invoice Immediately after GRN. practically its not possible.

hope this will help you.

Regards

Ram

[Former Member]

Thanks for your input....

Could you please explain me what are steps invloved in the month end - especially GRIR missmatch....how to clear this GRIR in the month process.

Best Regards,