GR/IR not cleared Error

Question

Hi Guys,
while doing GR/IR clearing for certain documents,we are getting error.
The error log says " No clearing procedures were carried out "
Please advise..
thanks
srikanth..

Answer 1

Dear Srikanth,
PO doesnt have any impact on hitting ur GL accounts, only wen u process MIGO ur first entry will be posted to your books.
The main purpose of having clearing accounts is to have control on the material reciepts and the payments made against the inventory received.
For eg, the material will be recieved by your store people and they will verify everything and process the MIGO that is GRN (Goods Reciept Note), which can be seen in the Purchase order that we have recieved the material agains the purchase order and the quantity and other details.
Second the bill has to presented for payment to finance department they will process the MIRO and they dont know whether the material has been recieved or not only source is the GRN made against the purchase order, while processing the MIRO u can verify and process the bill, with out checking the material reciept also u can process.
The control wat you have here is the GR/IR clearing account, it the account is not cleared or having open items means either the material recieved and payment not  been processed or payment processed but material not arrived to the factory.
So we can easily trace out the mistakes happend.
Thanks and regards
Sorry little bit elobrated explanation i think.