www.zarantech.com Open in urlscan Pro
2606:4700:20::ac43:464f  Public Scan

Form analysis
1 forms found in the DOM

GET https://www.zarantech.com/blog

<form role="search" method="get" class="search-form" action="https://www.zarantech.com/blog">
  <article class="searchblog headersearch">
    <div class="input-group lazyloaded" id="searchicoblog">
      <input name="s" type="search" class="searchblogin mobileslideblog searchinputbox1" autocomplete="off" placeholder="Search blogs" value="" data-post-type="" data-value=""><span
        class="input-group-addon searchicoblog"><i class="fa fa-search fa-lg"></i></span>
    </div>
  </article>
</form>

Text Content

 * Select Category
    * Adobe Experience Manager (AEM)
    * 
    * Agile Business Analysis
    * 
    * Agile Scrum Master
    * 
    * AI & Machine Learning
    * 
    * AngularJS 2
    * 
    * Apache spark and scala
    * 
    * AWS
    * 
    * Blockchain
    * 
    * Business Analysis
    * 
    * Business Analysis in Healthcare with Facets
    * 
    * Data Science
    * 
    * DevOps
    * 
    * General
    * 
    * Google Cloud Platform
    * 
    * Hadoop
    * 
    * Informatica
    * 
    * Informatica MDM
    * 
    * JAVA JEE AngularJs
    * 
    * Machine Learning with Python
    * 
    * Microsoft Power BI
    * 
    * MuleSoft
    * 
    * PMP
    * 
    * Prince2
    * 
    * Python
    * 
    * Python for Data Science Training
    * 
    * QTP Selenium
    * 
    * Quality Assurance
    * 
    * RPA
    * 
    * Salesforce
    * 
    * Salesforce Lightning
    * 
    * SAP
    * 
    * SAP ABAP
    * 
    * SAP Analytics Cloud
    * 
    * SAP BO BI
    * 
    * SAP BO on HANA
    * 
    * SAP BPC
    * 
    * SAP BW
    * 
    * SAP BW on HANA
    * 
    * SAP BW/4HANA
    * 
    * SAP Cash Management Powered by HANA
    * 
    * SAP Certification Questions and Answers
    * 
    * SAP CPI
    * 
    * SAP EWM
    * 
    * SAP FICO
    * 
    * SAP FIORI & UI5
    * 
    * SAP FSCM
    * 
    * SAP GTS
    * 
    * SAP HANA
    * 
    * SAP Hybris
    * 
    * SAP Hybris Billing
    * 
    * SAP Leonardo
    * 
    * SAP Materials Management
    * 
    * SAP MDG
    * 
    * SAP NetWeaver BW BI 7.3
    * 
    * SAP New Asset Accounting
    * 
    * SAP S/4HANA
    * 
    * SAP S/4HANA Central Finance
    * 
    * SAP S/4HANA Finance
    * 
    * SAP S/4HANA Logistics
    * 
    * SAP SuccessFactors - EC & PMGM
    * 
    * SAP SuccessFactors EC Payroll and LMS
    * 
    * SAP SuccessFactors Onboarding & Recruiting
    * 
    * Selenium
    * 
    * ServiceNow
    * 
    * Tableau
    * 
    * Workday Benefits
    * 
    * Workday Compensation
    * 
    * Workday Financials
    * 
    * Workday HCM
    * 
    * Workday Integration
    * 
    * Workday Payroll
    * 
    * Workday Questions and Answers
    * 
    * Workday Recruiting
    * 
    * Workday Reporting
    * 
    * Workday Studio
    * 
    * ZaranTech Training
    * 
   
   

MENUMENU

MENUMENU
 * All Courses

HOME      BLOGS      BLOGS        

Blogs videos INTERVIEW & CERTIFICATIONS QUESTIONS TUTORIALS


GR/IR (GOODS RECEIPT/INVOICE RECEIPT)

Category: SAP FICO Posted:Jun 22, 2020 By: Ashley Morrison
  25549 Views     0Comments

Post Views: 31,484



GR/IR is the SAP process to execute the three-way match- purchase order,
Material Receipt, as well as vendor invoice. You use a clearing account to
record the offset of the Goods Receipt (GR) and Invoice Receipt (IR) postings.
As soon as completely processed, the postings in the cleaning account balance.

The clearing is executed at the Purchase Order (PO) line item level based on the
quantity entered. Price variation, as well as exchange rate variance, are
calculated. You can write off little differences utilizing transaction MR1.

PURCHASE PRICE VARIANCE

This discussion assumes you are using Standard Price Control (S) for purchased
materials. The amount and quantity of the GR and IR postings are necessary. You
must have posted GR to record Purchase Price Variance (PPV). There is no PPV
posting for simply IR. There can be added variation postings on IR after GR is
posted for distinctions in between PO price and the actual price paid.

When posting GR, the price variation is based on the PO Price, unless IR has
already been posted, then it is based on actual price paid. If IR has already
been posted, the GR will be based on the IR up to the quantity of the IR, after
that, it will use the PO price again.

After all postings to a PO line item, the net PPV posted will be the difference
between the actual price paid and the standard price of the material.

GENERAL LEDGER ACCOUNT DETERMINATION

 * G/L Accounts are specified with MM Account Determination IMG Transaction
   OBYC/ Table T030.
 * Qualities include Valuation Class, as specified in the material master
   Accounting 1 view.
 * GR/IR accounts are defined with Transaction WRX.
 * Price Variance Accounts are specified with Transaction PRD.

MONTH-END RESTATEMENT

You can restate balances in these G/L accounts as inventory or payables at
month-end with transaction F. 19. The accounts are specified in table T030U and
set with configuration transaction OBYP.

 * Debit balances (T030U deal BNG – Invoiced not yet provided) are mapped to
   Stock G/L Accounts.
 * Credit balances (T030U purchase GNB – Provided but not yet invoiced) are
   mapped to Payable G/L Accounts.

EXCHANGE RATE VARIANCE

For materials purchased in a foreign currency, you can map variance because of
exchange rate difference to a different G/L account with the configuration in
IMG menu path: Material Management > Logistic Invoice Verification > Incoming
Invoice > Configure How Exchange Rate Differences are Dealt With.

You can map variance because of the exchange rate change to separate G/L
accounts with MM Account Determination Transaction KDM.

You can choose from several choices to manage how exchange rate differences are
handled for invoices in foreign currencies. One of these calculates the exchange
rate variance as the distinction between the existing exchange rate at the time
of invoice processing and the plan exchange rate for the year.

TOOLS/REPORTS FOR GR/IR AS WELL AS PPV

SAP offers the following transactions for GR/IR processing and reporting:

 * FBL3N G/L Account Line Item Display.
 * ME23N Display PO (PO History tab, recommend using of Chronological Order
   function).
 * MR11 GR/IR Account Maintenance.
 * MB5S List of GR/IR Balances.
 * FS10N G/L Account Balance Display.
 * F. 13 Automatic Cleaning (clear on PO/item combination).
 * F. 19 Analyze GR/IR Account and Accrual.
 * MR11SHOW Display/Reverse MR11 document.
 * CKM3N- Material Price Analysis.
 * KKML0– Product Ledger Drilldown Reporting.

BOTTOMLINE

Hope this blog article has touched the essential part of the GR/IR (Goods
Receipt / Invoice Receipt) and this will help in your career as well. 

If you are planning to boost your skills, choose our best online training
platform, and learn from industry experts. So what are you waiting for? Visit
ZaranTech, to skyrocket your career with the unique learning needs because
Learning Never Exhausts The Mind.

Check out this insightful video on SAP FICO Tutorial for Beginners:


Learn SAP Logistics From Our Industry Experts
Share on Facebook Share
0
Share on TwitterTweet
0
Share on LinkedIn Share



RELATED POSTS

 * Career Growth for SAP FICO Consultant
 * Oracle Finance Vs. SAP FICO: Which is the Most Rated Module?
 * Integration Point of MM-FI & SD-FI in SAP ERP



FEATURED ITEM

SAP FICO ROLES AND RESPONSIBILITIES READ MORE

Sep 28, 2015

GR/IR (GOODS RECEIPT/INVOICE RECEIPT) READ MORE

Jun 22, 2020

WHAT IS SAP FICO? READ MORE

Mar 13, 2019

INTEGRATION POINT OF MM-FI & SD-FI IN SAP ERP READ MORE

May 28, 2020

MM-FI ACCOUNT DETERMINATION READ MORE

Jun 24, 2020

 * About Us
 * Careers
 * Team zarantech
 * Our Instructor
 * Contact Us

 * Testimonials
 * Student Reviews

 * Become An Instructor
 * Hire From Us
 * Career Counseling
 * Refer A Friend




View Disclaimer

 * Privacy Policy
 * Terms of use




Call us on 1-999-999-9999 (Toll Free) +91 99999 99999



24 X 7 CUSTOMER SUPPORT X

 * 99999999 (Toll Free)
 * +91 9999999

Sophia
Typically replies instantly
Sophia

Hi there 👋


Interested in any SAP, Workday, DevOps, DataScience, Cloud computing Training
program?


I can help answer any question.

23:33

Start Chat
×
×


WhatsApp