GR/IR Clearing Quick Guide

GR/IR (goods receipt/invoice receipt) clearing runs compare the amounts from receipts of goods or services (based on the common quantity) with the associated amounts on the invoices. The run first determines the quantity that matches both a goods or services receipt and an invoice, and clears the Goods in Transit and Unbilled Payables accounts based on this quantity. This can result in price differences, exchange rate differences, and payment differences.

You execute GR/IR clearing runs in the GR/IR Clearing view. You can access this view from the Inventory Valuation work center under Periodic Tasks.

Business Background


Financial and Management Accounting

Start GR/IR Clearing Run
Start Adjustment Run
Display and Check Log