Sep 26, · The activities in SAP month end closing process vary by company, depending on business requirements, but here are a few that are commonly executed: Enter accruals and deferrals; Process recurring entries; Clear customer, vendor and G/L open items and GR/IR accounts; Record foreign currency revaluation; Post tax payables; Run asset depreciation.
Clearing GRIR Account MR11 in SAP (Video 85)- SAP FICO Tutorial for Beginners - SAP FICO Training
SAP Finance and Controlling (FICO) Training Course Outline. Module 1: Introduction to SAP R/3. Clear GL Account (F) Posting with Clearing (F) Vs GL Tolerance OBXZ; GR/IR Clearing from F Using Automatic Clearing (Automatic Clearing Criteria OB74). Clear GR/IR Accounts, Clear GR/IR Clearing Account · You can return the extra goods to the supplier. · You can cancel the invoice and post a corrected invoice or. Jul 16, · It passes the Accounting entry debiting the Inventory and crediting the GR/IR account. Similarly, when an invoice is received the vendor account is credited, and the GR/IR account is debited, the GR/IR will show as an un-cleared items till the time the invoice is not received. 22) What is parallel and local currency in SAP?
GR/IR (Good Received/ Invoice Received) is an interim account. In the legacy system, if the goods are received and the invoice is not received, the provision is made, in SAP at the receipt of the goods. It passes the Accounting entry debiting the Inventory and crediting the GR/IR account.