Effect on CIP/AuC Account after a GR/IR Clearing Event

[former_member1039042]

Hello Community,

New here and looking for some assistance!

An invoice was posted as a direct entry to an incorrect GL. This invoice was related to a capital project which does have a PO in SAP. As this was already paid against the direct entry, I know it needs to be cleaned up in SAP.

Since I'm showing an owed liability for this in the GRIR (which isn't true), I will need to clear this item from there. Clearing this entry from the GRIR will debit the GRIR GL (zeroing out the liability) and credit the CIP/AuC GL. This project has already been capitalized out of the CIP/AuC GL (no existing balance in CIP) so once we clear from the GRIR, what would happen? Wouldn't a credit occur in the CIP/AuC if so how would I correct this? I'm thinking a reclass with fb50 to debit CIP/AuC and credit the initial direct entry to offset?

[sveabecker]

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Regards, Svea

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