MIRO

[Former Member]

Gurus,

What are the accounting entries in MIRO when the price is Standard & MAP.Does the entry in MIRO have any impact in MMR?

Edited by: acapulcosdn on Jun 20, 2010 8:44 PM

[Former Member · Accepted solution]

Hi,

If the material is has MAP

Goods Receipt

Inventory Raw Material A/C Dr (BSX)

To GR/IR Clearing A/C (WRX)

Invoice Receipt

GR/IR Clearing A/C Dr (WRX)

To Vendor A/C

If it has Standard price

Goods Receipt

Inventory Raw Material A/C Dr (BSX)

To GR/IR Clearing A/C (WRX)

Price difference incase of variance.

Invoice Receipt

GR/IR Clearing A/C Dr (WRX)

To Vendor A/C

Impact of MMR:

If Moving average (V):

The material value will be : Total value/Total Qty of Inventory

STD Price (S):

Unit Price of material master * Qty

SAM

[Former Member · Accepted solution]

Hi,

When MIRO happens does the value change in material master or only during GR?

[Former Member · Accepted solution]

Hi,

In Both GR & IV.

IF any price change or addtional cost incurred in the PO. then during the MIRO the value will change the same will replecate in Material Master.

If Moving avreage price.

If Std price(S): The value change in Material master only at the timeof GR. Not in MIRO.

SAM

[Former Member · Accepted solution]

HI,

I just want to know if the material is having MAP,& i do a MIRO will it change the value in MMR.Bcoz i tried the value is not changing in MMR when i do a MIRO.Pl clarify

[Former Member · Accepted solution]

hi,

There will not be any change in MAP in MMR, when there is no change exists between the gr price and ir price. When there is a change between the GR price and IR price, you can able to see the difference.

once you done the gr , the moving avereage price is changed accordingly.

Regards,

velu

[Former Member · Accepted solution]

>

> HI,
> I just want to know if the material is having MAP,& i do a MIRO will it change the value in MMR.Bcoz i tried the value is not changing in MMR  when i do a MIRO.Pl clarify

Please look at the accounting entries mentioned above. The regular entries at time of MIRO dont hit material. Only when GR is non valuated the material is getting hit. Look at the entries I mentioned above.

Vendor - Credit

Material - Debit

Only in this case, the material price is getting changed or if you use MATERIAL TAB to hit the material directly.

[Former Member · Accepted solution]

Hi,

If not there any difference in GR price & invoice Price . Then you can't get any changes in MMR.

SAM

[Former Member]

Hi

Check on it

pherasath

[former_member187989]

Check this link for [exchange rate difference in MIRO|]

Edited by: Jeyakanthan A on Jun 21, 2010 10:25 AM

[Former Member]

AND

if the GR is non-valuated then the entries at time of MIRO would be:

Vendor - Credit

Material/Consumption - Debit.