Understanding GR/IR Account and Related Transactions – ECC & S4HANA
We’re doing Period End Closing in SAP, and we just realized we’ve a huge balance in GR/IR (Goods Receipt / Invoice Receipt) Account that we can’t explain! how can we analyze this balance?
System clearing accounts are always critical as they receive many automated postings and can be very difficult to explain when there’s a balance
The most important clearing account in SAP is the GR/IR (Goods Receipt / Invoice Receipt), anyone working in Finance must fully understand:
- What’s GR/IR
- Why is GR/IR used
- How to Analyze, Maintain and Clear GR/IR
GR/IR must be continuously analyzed and maintained
The below video explains everything about GR/IR and related transactions and it includes 2 parts:
- Explanation of the business concept
- Demo on SAP S4HANA which is also applicable to SAP ECC (starts at 6:10)
Be sure to include the GR/IR maintenance and Analysis in you Period End Activities training manuals!
Please feel free to share or use this video in your training
Please let me know if you think I should add any information to this blog.
Thank you for reading!, see you in the next blog post 😉
Thanks for your video and your sharing,
unfortunately, SAP doesn't solve some case in GR/IR. For example if we are doing au Purchase order with Material group, GR/IR account could be managed by valuation class without an exit.