sachin kumar

• Sep 18th, 2007

 

GR/IR is the intermediate account.

Entries are debiting and crediting at the time of GRN and Invoice verification...

At the time of GRN entry is debit from GR/IR clearing account and in MIRO entry is crediting from the account

theashoka_king

 Profile Answers by theashoka_king 

• Aug 6th, 2009

 

GR/IR clearing account is offsetting account of inventory posting during GR, quatity price clearing in invoice with reference to PO.

satyamsap05

 Profile Answers by satyamsap05 

• Feb 19th, 2010

 

GR/IR are clearing accounts, the balance should be match at the end of the month.
When goods receipt stage GR/IR will be credited.
When goods verification stage GR/IR will be debited.
This both should be match when we run GR/IR clearing.

YUVARAJ

• Jan 10th, 2018

 

Definition. Postings are made to the goods receipt/invoice receipt (GR/IR) clearing account or to GR/IR accounts whenever goods are delivered and invoice receipts are captured with a material reference. Postings relating to the same purchase order and purchase order item are updated but not cleared automatically