Instead of using GR/IR clearing account why cant we use
provision for sundry creditors, if yes then why SAP using
GR/IR Clearing Account
Answers were Sorted based on User's Feedback
Answer / lavanya vedula
SAP uses the GRIR clearing a/c as it doesnt want to accept
a liability by crediting the vendor a/c.Aliability can be
accepted only when the goods have been recieved and the
invoice checked.When the invoice is recieved, GRIR is
debited, the vendor a/c is credited & thus we can accept
liability with the vendor.
Is This Answer Correct ? | 15 Yes | 0 No |
Answer / narendra deshmukh
GR / IR IS THE PROVISION ACCOUNT WHICH IS USED FOR GR IR
CLEARING AND BY THE HELP OF WHICH WE CAN TRANSFER THE
AMOUNT TO THE CREDITORS,
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / dheeraj sachdev
GR/IR account is exactly the same thing as provision for sundry creditors. I assume you mean "provision for sundry creditors" is not the same as the actual creditor account.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kumar
SAP uses the GRIR clearing a/c as it doesnt want to accept
a liability by crediting the vendor a/c.Aliability can be
accepted only when the goods have been recieved and the
invoice checked.When the invoice is recieved, GRIR is
debited, the vendor a/c is credited & thus we can accept
liability with the vendor
Is This Answer Correct ? | 1 Yes | 1 No |
Explain cost center accounting? : co- general controlling
Explain the value of creating a cost center?
What is sort key and how it controls?
What is characteristic derivation in profitability analysis module?
Hi, friends can anybody post the detaild configuration for the open posting period for the same, & i wanted to open the period upto 2016 or 2020, which means from 2011-2020. like this var A From A/c To A/c year To period Year 0001 + 2011 12 2020 0001 A zzzzzzzz 2011 12 2020 0001 D,K,M, S .......
when keeping postings in fi, how it will reflect in mm? can anyone pls explain
can you change the payment terms in vendor master record?
Folks, I am trying to understand the usage of trading partner in the real sense.If i have 3 partner companies and if i create 3 trading partners (x100,x200,x300) for eg..when i do sales and purchase with them, how does it reflect in the G/L and most important, is there a standard tcode or report where i can see the P&L based on trading partner...urgent please
different between withholdin tax and with out holding taxs?
most critical SAP FICO Support Tickets
Hi, The error is coming while deactivate per company code,if i select the active box through the path-financial accounting new-general ledger accounting new-business transactions-document splitting-active document splitting,extend document splitting but is showing. define the commitment item as a document splitting characteristic and define the "KBELNR" field as a document splitting characteristic the data was not saved
What is the trading partner concept? : fi- accounts receivable