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Define Adjustment Accounts for GR/IR Clearing

The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever you receive goods that have not been invoiced yet or whenever you receive invoices for goods that have not been delivered yet.

In this activity you define the numbers of the adjustment and target accounts for the automatic postings for the GR/IR clearing account.

Transfer postings have to be made at the balance sheet date to reflect the goods invoiced but not delivered and the goods delivered but not invoiced. The program that analyzes the GR/IR clearing account adjustments this account by posting any outstanding amounts to an adjustment account. It makes the offsetting entry to the account for goods delivered but not invoiced or to the account for goods invoiced but not delivered (target account).

Activities

Specify the account numbers you require for the adjustment account and the target account.

Additional information

You can find further information on the GR/IR clearing account in the online documentation for R/3 under "Financial Accounting". To access this information, see the "Closing and Reporting" documentation.