Regarding GR/IR Clearing

[former_member475526]

Sapgurus,

Could you tell me the Exact what do you mean by GR/IR Clearing account?

Please Explain with an example with T-code

Thanking you

Praveer

[ali_dai · Accepted solution]

Dear Praveer, GR/IR clearing account is an intermidiate account. It is used mainlly for stock materials. For these materials, when you make a Goods Receipt the GR/IR account is credited and the stock account is debited. Then during the invoice receipt the GR/IR account is cleared and the vendor is payed. If the materials are customized to be valuated during the goods receipt then the system need a GR/IR intermidiate account.

This account should have zero balance, meaning that you have invoiced the exact quantity you received. By that you can control differences.

BR