Need to Default to Expense account Instead of GR/IR account

[Former Member]

Gurus,

We have a scenario where for certain Valuation class for Materials need to Default to an Expense Account instead of GR/IR clearing account.  Below is the scenario.

1) Create a FO for Material with no " GR Required".

2) Do the MIRO against the FO.

3) It should post it to Vendor account against an Expense account.

I am not sure if this is possible. If yes, could you please share some thoughts on this.

Thanks,

Senthil Thiruvarasan

[adam_kavanagh]

Hi Senthil,

If you have deselected the GR indicator in the PO, MIRO will post to the

vendor account and whatever account assignment you have maintained

in the PO instead of the GR/IR clearing account.

Hope this helps,

Adam.

[Former Member]

HI senthil,

Yes as suggested by dev, it is possible, in the item detail section please check the tick mark in the invoice section as shown in the below screenshot :

also the expense GL code has to be linked with the valuation class in OBYC settings.

with regards,

Sagnik Chakravarty.

[Former Member]

Thanks Sagnik. I have not selected the GR Indicator. But now my question is If i have defined the Expense account in OBYC settings with reference to Val.Class, Do we need to clear the balance from the G/L or it will be just considered as Expense?

Please advise.

Thanks,

Senthil Thiruvarasan

[former_member183424]

What do you mean by Expense account in OBYC ?

Can you share the transaction key in OBYC ?

Can you tell little more details for your PO ? You are creating FO, it means you will use an account assignment category. So you need to give a G/L account in account assignment tab.

[former_member183424]

Yes possible.. You have to make the GR as non valuate..

Just mark the GR-non valuate for the FO line item. System will not create any accounting entry at the time of GR.

Only accounting entry will create at the time of IR and it will be

Vendor Account Credit

Expenses account (which you have given in account assignment tab in FO) Debit.