GR Cancell...

[Former Member]

Hi Gurus,

I think after doing GR and Invoice for a PO, we can still cancell the GR without cancelling the invoice.

If that is the case, what will be the effect on the Invoice .

Please suggest.

Thanks in advance

IS

[Former Member]

Helped

[Former Member]

make a practise to cacel IR then GR

that is the control in process.

regards,

sujit

[former_member581212]

hi Indu,

If thinking logically, when you cancel your GR doc. then the qty shd reduce in the warehouse because you are cancelling your GR doc, so the stock will reduce, there will e also posting in the GR/IR account(Debit)....

So, now in this situation you have an invoice for more qty and value entered....

SO, now you need to either cancel the invoice or reverse the inovoice ....OR make the credit note for the material which you cancel in the MIGO....

Hope it helps...

Regards

Priyanka.P

[kunal_ingale]

hi

it will make mess for valuation

if u have posted gr and iv ,and u cancel gr then the valuation or the amount apyable to vendor will be remain as it is in fbl1n

so as ur doing reverse for quantity u also have to do reverse the value

The cycle flows like this;

At the time of GR (MIGO);

Stock A/c - Dr

GR/IR Clearing A/c - Cr

Excise Invoice Posting (J1IEX);

CENVAT Receivable A/c - Dr

CENVAT Clearing A/c - Cr

At the time of LIV (MIRO);

Vendor A/c - Cr

GR/IR Clearing A/c - Dr

CENVAT Clearing A/c - Dr

At the time of Vendor Return (MIGO);

Stock A/c - Cr

GR/IR Clearing A/c - Dr

Excise Invoice for Vendor Return (J1IS & J1IV);

CENVAT Receivable A/c - Cr

CENVAT Clearing A/c - Dr

At the time of Credit Memo (MIRO);

Vendor A/c - Dr

GR/IR Clearing A/c - Cr

CENVAT Clearing A/c - Cr

so as to make the accting entries nil u have to reverse iv then gr

hope it clears

regards

kunal

[pankaj_singh9]

Hi,

If in case you cancel GR w/o cancelling IR and change the PO Price and do GR then there will be a balance in GR/IR Clearing A/c. And also there might be Price Difference.