If there is a balance on GR ; what we need to do ?
- 3 Answers
- 10528 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / bhupesh
GR/IR accounts are clearing account also known as tally
trial balance in SAP and acts as a vendor. below mentioned
can be the reasons If we have some balance laying in this
account :
1. Good received but not the invoice or vice versa.
2. Balance not matching with the invoice
3. Goods return
If the reason is one of it then we need to post entry
accourdingly which can clear this balance. See the below
entries :
Normal entry we do at the time of receiving goods or
material from the vendor / supplier:
Inventry / stock Dr
to Vendor / Supplier
At the time of pay :
Vendor / supplier Dr.
to Bank
1.if we receive the material with out invoice then entry
would be:
Inv / stock Dr
to GR/IR
2. If there is any balance mismatch ( Under charged )
Inv / stock Dr
to Vendor
2.If over charged then reverse entry
Vendor Dr
to inv / stock
Thanks,
Bhupesh
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Why asset classes are important in sap?
Explain briefly how you can import electronic bank statements into sap?
what happens, in sap, when you post a goods receipt? : fi- accounts payable
How often we modify costing sheet?
Name some settlement receivers for co internal orders? : co-pa
what are the functional specification in AP, APP ?
Hi all, what is the main difference between ABAV,ABAVON AND ABAVN? i have seen the related answer but there is some misconception.so please provide the most suitable answer. thanks in advance
Name the standard stages of the sap payment run?
View / tahle v_anka_08 can only be displayed and maintained with restrions
What is meant by a “baseline date” in sap ar and ap?
What are posting periods?
What happens when you post to year 2006 when you are in 2007?
NO CENVAT AMOUNT TO BE POSTED --------Please reply me its very urgent till now I didnt get the answer DETAILS REGARDING THE ERROR Process: J1iex for GR Posting simulation using j1iex Part 1 is captured While posting, this issue is coming. No part 2 is getting captured.
What is clearing? : fi- general ledger
How do you create cost center in system? What are the requirements? : cost center accounting
