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Gr has been done but there is no chance of inv?

Former Member
0 Kudos

Hi,

GR has been done, vendor confirmed that there will be no invoice due to some reason.

Now there is open amount sitting in GR/IR A/C.

Goods received have been consumed.

As we are not expecting any invoice, i am not sure what should i do with the open amount in GR/IR A/C.

Can some one please help me out?

Thank you

vivek.

Accepted Solutions (1)

Accepted Solutions (1)

former_member348872
Active Contributor
0 Kudos

In such cases general practice is to open Gr/IR account for manual posting and post debit to the account with offsetting a/c hitting to some variance account created for this purpose if you cannot relate this difference to any account.

Else a set of users should be maintained with enhanced tolerence limits to clear the differences while clearing.

Former Member
0 Kudos

Thanks for your help.

Answers (0)