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Former Member
Jul 26, 2010 at 05:29 AM

Reg GR/IR Reclassification

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Hi all,

I am facing the following issue can anyone provide their inputs.

Reclassification on GRIR accounts in cc 1000 is not done correctly. Reclassification of these accounts should be done on account 2464000 (Goods receipt invoices receipt adjustment), so that total balance of these accounts should be zero at period end. For May period there is a difference of over 57 million USD.

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"Reclassification on account 2464000 should be done for all GRIR accounts, so that together the accounts amount to zero. In May there was a difference of 57M and for June difference is 1.2M. Unmatched debit amounts are reclassed to 1470000, and credit amounts to 2465000.

Balances June 30:

2463000-2463999 Total GR IR accounts xxxx amount

2464000 Goods receipt invoices receipt adjustment xxxxamt

Difference amount xxxxamt