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GR/IR Clearing Differs for CAD and USD Currency

Hi Gurus,

Weu2019re having an issue in a plant located in Canada with their GR/IR clearing automatically.

The Scenario is

1) The PO is entered in CAD. when the GR is done, the USD value is based on the translation rate at that time. When doing the invoice, they enter it in CAD for the same amount,with reference to PO so the CAD balance is 0. But, there is a difference for the amount between the GR and IR. The GR value is showing more than the IR value.

When the user looks at their GR/IR issues,it is $0 balance, but still shows up in FBL3N. We run MR11 to try to clear it, but General accounting has to use F-03 for the clearing and write-off the remaining USD balances.

2) My Company code currency is u201CCADu201D and my Group Currency is u201CUSDu201D. I have maintained GR/IR clearing account as u201Conly balances in local currencyu201D

Please advice on this. Thanks in Advance.

Thanks,

Saakithyan

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2 Answers

  • Best Answer
    Posted on Sep 03, 2010 at 05:16 PM

    Refer Note 518114 - FAQ Goods movements in foreign currency

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    • Former Member

      sorry this was not helpful. please suggest more on this.

      as of now we are using the the transaction MR11 to clearing the GR/IR account

      quantity differences and then run the transaction F-03 to the

      balance due to valuation (FI) differences.

      please suggest some option to prevent this from happening. can we use the same USD amount for the IR so thereu2019s not a USD difference.

      Kindly advice on this. Thanks in Advance.

      Regards

      Karnam

  • Posted on Sep 03, 2010 at 05:41 PM

    Normally if the vendor belongs to Canada , PO will be created for CAD only.If the PO creation plant is in US then you need to enter the exchange rate in the tab.

    The GR and IR will get posted based upon the document currency ( for which the PO created ) If the PO is created for CAD //USD system will post accrdigly and the MR11 too.Please check the document currency and the IR posted currency .

    Regards,

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