GRIR Concept entry in SAP FICO Accounting entries

[Former Member]

Can someone help to understand GRIR entries and vendor payment entries .

[TammyPowlas]

I recommend searching

It is covered in this blog: https://blogs.sap.com/2015/09/08/postings-for-credit-memo-mr8m/

If it is stock, it is this:

Purchase Order with 100 Pc @ $11.00/Pc. (PO Based Invoice Verification)

Goods Receipt 80 Pc.

Accounting Entries

Stock Dr. – $800

GR/IR Cr. – $800

If it is an expense item it would be this:

Debit expense

Credit GR/IR

Once it is paid:

Debit GR/IR

Credit Cash