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 GR/IR Account Maintenance: Account Movements

Use

The offsetting entry to clear the GR/IR account is the same as the posting made when you enter an invoice for a purchase order.

  • Material with Moving Average Price (MAP)

The GR/IR account is cleared against the stock account, unless no stock coverage exists. If the material stock is smaller than the quantity to be cleared, only the actual stock quantity is debited or credited proportionally. The remaining amount is posted to a price difference account.

  • Material with Standard Price

The offsetting entry is posted to a price difference account.

  • Purchase Orders Assigned to an Account

The offsetting entry is made to the cost or fixed asset account shown in the account assignments in the purchase order.

See also:

GR/IR Clearing Account Maintenance