1.

How Is Gr/ir Account Related To Inventory?

Answer»

If you are involved with INVENTORY, then you NEED the GR/IR account (Inventory Account) when the IR is POSTED. If you are not involved about inventory, then the system does not need the GR/IR account when the IR is posted; the system NEEDS a G/L instead of the GR/IR account.

If you are involved with inventory, then you need the GR/IR account (Inventory Account) when the IR is posted. If you are not involved about inventory, then the system does not need the GR/IR account when the IR is posted; the system needs a G/L instead of the GR/IR account.



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