GR/IR account functionality

Question

Dear Guru's,
Any one please calarify,
how gr/ir account functions iam not clear about this one, what i understand is
1)GR/IR account is a gl account with open item managed one.
2) when goods received it was posted by crediting to this account and debiting to stock accout.
3) At the time of invoice receipt we pass entry by debiting GR/IR account and crediting party account
4) balance in this account like debits and credits are  cleared by automaticlly running F.13
I am not understanding this MR11 and OBYP ?
Thanks,
Srini.

Answer 1

A discrepancy occurred between Goods Receipt (GR) and Invoice Receipt (IR). This needs to be cleared. Examples of situations where this occurs are:
1. If the goods have been received, the vendor hasn’t invoiced for the goods and won’t be invoicing (the vendor has gone out of business). Use MR11
2. An invoice with reference to a Purchase Order was paid through accounts payable FI instead of procurement. Use MR11
3. The goods were received and sent back to the vendor for poor quality. The vendor was accidentally paid and we will not be reimbursed due to bankruptcy of the vendor  Use MR11
You use OBYP to define the accounts for account determination. You define the adjustment account and target account for all vendor clearing account.
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