difference gr/ir

[Former Member]

SAP guru's:-

what is the difference between gr/ir clearing account, and gr/ir adjustment accout?

[Former Member]

hi

GR/IR Clearing Accounts

The GR/IR clearing account is an "intermediate" account between the stock account and the vendor account. At goods receipt, the net invoice amount expected is posted to the stock account. The offsetting entry is posted to the GR/IR clearing account. This posting is then cleared by an offsetting entry on the vendor account at invoice receipt.

nagesh

[Former Member]

GR/IR account is to check whether goods receipt and invoice receipt are same amount or not . If any difference is there it will post to adjust ment account