I always have a confusion on GR / IR topic. I got a clear picture after watching your video. Wonderful explanation Krishna garu. You are brilliant sir!

Tqs for sharing ur knowledge with free of cost, even paid services also not provide this much of quality, ur way explanation without commerece students also easly understands.tq so much sir

with the help of this video now I can understand the concept of IR GR, thank you Sir, please make more videos on RTR.

Nicely explained, thanks 😊

Thank you for the clear explanation Krishna!

The "WHY" part of GR IR accounting is very well explained Sir !! Thanks a lot for making this Video...Very Helpful Sir

Very helpful to freshers and experienced candidates Sir..tq

Thank you so much sir the way explain I understood this very easily🙌❤

Very useful concept sir👍👍👍

Thanks sir for Gr/Ir detailed explanation

Thank You sir Now all clear properly.

Very important concept. Thanks and wish you all the best with the channel

Wonderful explanation 🎉🎉🎉

Very effectively and easily explained, thank you sir

Excellent !

Good sir 🙂

Happy Teacher's day Sir, thanks for teaching valuable information

Thank you.. Very helpful

Excellent sir

great video sir very underrated channel

Nicely explained

Sir ... Thanks a lot very useful Would u make a video about accounts payable journal entries

Thank you sir😊 Could you please explain about GRIR regrouping (F 19).

Sir can you explain entry GRN received Rs 80 Invoice received for 100 How will you process the invoice

Sir do video on GST and TDS calculations in accounts payable (invoice processing)

Sir please explain Record to Report end to end process

Please Explain about R2R end to end Activities.

@krishnaakumalla

10 ай бұрын

Sure....give me some time. I am coming in some sequence. Will cover this topic soon

@srigayathriacademy891

10 ай бұрын

Thank you Sir

Thank you sir.very useful..one doubt sir if invoice not receive how do we know the value of the invoice and incase if supplier gives discount how this will be treated in expenditure to gr ir account.

@krishnaakumalla

10 ай бұрын

Thank you for watching video. If invoice is not received you can get the value of PO but that PO can have several invoices. Hence either you take value of the PO for time being to book any accruals or wait for invoice to come. Supplier discounts would have been negotiated at the time of raising PO itself. In case if any cash discount is given that will have direct impact on your PNL as discount received and no need to give that impact at GR level. Hope I clarified your doubt

In case 2: Invoice received but goods not received. We will credit the amount to supplier as per the Invoice. If we receive materials with damage or partially then what to do?

@krishnaakumalla

6 ай бұрын

Good question...if damaged material received, GR would not have been updated by the requisitioner.....hence 'R' block would not have been released. It is responsibility of requisitioner to make sure that GR is not updated for damaged goods. Hope it is clear now.

@saikumareppakayala

6 ай бұрын

@@krishnaakumalla Should we wait until we receive good materials ? And who will take responsibility for damaged materials?

One question here on the 1st scenario, when invoice received and team will process this invoice, will the system automatically debit the GR IR account? Would like to know how the system will recognise the GR IR account to be debited. would be great you can explain that as well.

@krishnaakumalla

7 ай бұрын

If the GR was already updated before we process invoice, system would have considered debiting expenditure and crediting GRIR....so when we process invoice you would debit GRIR and credit supplier. Whenever we see invoices pertaining to GR, system would automatically debit GRIR and credit to supplier.

@balarambehera3901

7 ай бұрын

Ok thanks for the reply

Sir interviewwr asked who sends GR and who updates GR ...??? Plz ans ??

@krishnaakumalla

8 ай бұрын

GR will be sent by the supplier and received by the business. GR will be updated by stores person or requisitioners in respective ERP

@mddilshadkhan09

8 ай бұрын

Thank you

Is P2P for end users only? or any consultant jobs only on this topic like SAP FICO? Please advise. Thanks

@krishnaakumalla

5 ай бұрын

This is for PTP end users. If you want to learn the topic of being a SAP FICO consultant....you can make use of it whatever extent you can.

You are wrong at the time of GR Inventory will be debited not expense

@krishnaakumalla

7 ай бұрын

Thanks for your feedback ...from inventory ultimately it goes to P&L as consumption. Hence considered as expense.....I don't want to bring inventory and create confusion to the people.