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GR recieved but no IR

Former Member
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Hi Gurus

we have a situation here we have recieved Goods( raw materilas) and vendor is posting any invoices for these goods for the last 2 years . so our business wants to treat the stock as profit to us. Now they are asking advice how to post these stock to P&L account and clear GR/IR clearing account.

at present entry is like this

Dr stock

Cr GR/IR clearing account.

in what way we can post clear Gr/IR account and post the profit to P&L account.

points will be rewarded

Regards

Mani

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Answers (2)

Answers (2)

Former Member
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solved

Former Member
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Hi,

simply create a discount ccount) for this you have to set either a tolerence limit (since 100 % discount is no where in the limit) or set a substitution rule.

Yo can post IR with GRIR Dr 100

Vendor Cr 0

Discount Cr 100.

This should solve your problem

Regards

Bharat

Former Member
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Thanks Bharat

I thougt the same. I tried to post the price variance account by maintaining the tolarance limit. and I got the problem here .. where do we maintain tolarance limit? is it in FI level or at Invoice verification level( t-code: OMR6)?

after posting the invoice as you suggested( to discount account) what will happen if we run MR11 ?

what will happen if we just post invoice for USD 1 and run the MR11?

please let me know

regards

Mani