GR - IR Clearing Account Regrouping in SAP - Skillstek

4/5/22, 9:28 AM GR/IR Clearing Account Regrouping in SAP - Skillstek
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GR/IR Clearing Account Regrouping in SAP

Last Updated on November 6, 2021 by Pradeep
Published by Pradeep on April 23, 2019
What is GR/IR Clearing Account?

The goods receipt/ invoice receipt or popularly called GR/IR Clearing Account is a provision
account and is posted whenever you receive goods that have not been invoiced yet or whenever

you receive invoices for goods that have not been delivered yet.

GR/IR Account Maintenance

In this activity, we define the adjustment numbers and target accounts for the automatic postings
for the GR/IR clearing account.
https://skillstek.com/gr-ir-regrouping-in-sap/ 1/11
Transfer postings have to be made at the balance sheet date to reflect the goods invoiced but
not delivered and goods delivered but not invoiced.
The Transaction Code – F.19 analyzes the GR/IR clearing account and posts adjustments entries
for outstanding amounts to adjustment accounts. It makes the offsetting entry to the account for
goods delivered but not invoiced or to the account for goods invoiced but not delivered (Target
account).
GR/IR clearing regrouping Configuration

Following are the steps to configure GR/IR clearing account in SAP.
Create Accounts for GL Master

Noteworthy, all these accounts for GL Master will be the Balance sheet accounts. Following are
the accounts that you need to create.
GR/IR Account – 1505

Adjustment Account – 1513
 GR/IR Invoiced but not Received – 1514
 GR/IR Shipped Not Invoiced – 1515

Define Adjustment for GR/IR account

Next, you need to define the adjustment for GR/IR accounts.
1. Here first, follow the below steps:-
IMG=> Financial Accounting (New)=> General Ledger Accounting (New)=> Periodic

Processing=> Re-classify=> Define Adjustment Accounts for GR/IR clearing
2. Second, Double Click on the Group WRV as shown in the image.
3. Further, update the Chart of Accounts section.
4. Next, Press Back.
5. Now Double click here.

End-User activity in GR/IR clearing account
configuration
In this process, there are some End-user roles that they need to perform. These are:-
1. Create Purchase Order # 4500023887

2. Create Purchase Order # 4500023888
3. For PO # 4500023887, Process Goods Receipt Tcode MIGO
4. System will automatically generate Accounting Document
5. For PO # 4500023888, Process Invoice Tcode MIRO

Important to note:- The GR/IR balances are to be regrouped as a month-end activity. To do this
regrouping, use Transaction Code- F.19
Final output options for GR/IR clearing account

regrouping
Here we have three options. I show below each one with its respective image.
1. Goods Received
In case the goods are received, the final output of all these configurations is the Adjustment
account for GR/IR, which will look like this.
Also Read: Receivables Management in SAP HANA
2. Invoice received but goods not received

In case GR/IR Invoice received but goods not received. the final output will look like the below.

3.
 GR/IR shipped to Invoice

The output for GR/IR that is shipped to the invoice will look as below.
EndNote
If you are a FICO consultant, you must know these adjustment entries. The Goods
receipts/invoiced account is an important part of SAP FICO. Additionally, interviewers frequently
ask questions on GR/IR. Moreover, there are high chances that in real projects, you need to do
these adjustments. Thus, I recommend you to learn GR/IR regrouping deeply.
Watch Related Video: GR/IR Regrouping Video by Pradeep Hota
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Tags: gr ir clearing account gr/ir clearing gr/ir regrouping in sap fi sap fi invoice clearing
sap fi month end activity sap fico purchase order sap fico vendor invoice
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4/5/22, 9:28 AM GR/IR Clearing Account Regrouping in SAP - Skillstek

GR/IR Clearing Account Regrouping in SAP

Published by Pradeep on April 23, 2019

What is GR/IR Clearing Account?

GR/IR Account Maintenance

GR/IR clearing regrouping Configuration

Create Accounts for GL Master

GR/IR Account – 1505

 GR/IR Shipped Not Invoiced – 1515

1. Here first, follow the below steps:-

IMG=> Financial Accounting (New)=> General Ledger Accounting (New)=> Periodic

2. Second, Double Click on the Group WRV as shown in the image.

3. Further, update the Chart of Accounts section.

4. Next, Press Back.

5. Now Double click here.

1. Create Purchase Order # 4500023887

5. For PO # 4500023888, Process Invoice Tcode MIRO

Final output options for GR/IR clearing account

Also Read: Receivables Management in SAP HANA

2. Invoice received but goods not received

Watch Related Video: GR/IR Regrouping Video by Pradeep Hota

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 SAP FICO Training on S/4HANA

 SAP Central Finance Training

SAP Product Costing Training

Difference between SAP FICO and S/4HANA

A Career in SAP FICO

Asset Accounting in SAP FICO

SAP CO Interview Questions

Best SAP FICO Interview Questions

SAP Product Costing Interview Questions

Universal Journal in SAP

SAP HANA Migration Guide

SAP Central Finance

SAP FICO Interview Questions

SAP HANA Online Courses

SAP Product Costing

SAP S/4HANA Finance

 Dunning in SAP FI – Definition & Procedure

Enter Your Email ID

https://skillstek.com/gr-ir-regrouping-in-sap/ Related Posts 8/11

 Integrated Asset Acquisition in SAP – Process Flow

Dunning in SAP FI – Definition & Procedure

Depreciation Area in SAP – Basic Guide

TESTIMONIALS ABOUT BLOG CENTRAL FINANCE S/4HANA FINANCE CONTACT US

SAP FICO COURSE

Copyright 2021 @ Skillstek

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