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clearing accounts

hello Gurus,

can u tell me what clearing g/l accounts r needed at the time purchasing i.e while creating MIGO and MIRO. And plz explain me how are they are treated in the P&L and there offsetting activities as well.

Best regards


Former Member


1.GR/IR B/S account

2. Raw material inventory B/S account

3.Simi finished/Finished materials inventory B/S account.

these are clearing accounts.

but you have to create P&L accounts .

1.Raw materials consumption

2.Simi finished/Finished materials consumption.



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