Goods received not invoiced (GRNI)
In Arabic البضاعة المستلمة غير المفوترة
A liability for goods that have arrived but whose vendor bill has not yet been entered, so their cost is booked when the stock comes in.
In plain words
Stock often arrives days before the vendor’s invoice. Without GRNI the warehouse holds goods the books owe nothing for, and the month’s balance sheet understates both inventory and what the business owes.
On receipt, inventory is debited and GRNI credited at the order’s agreed cost. When the bill is posted, GRNI is debited and payables credited. What stays in GRNI is goods still waiting for a bill.
The common mistake is never reviewing the balance. Old lines left in GRNI are usually bills entered without their receipt, or goods the vendor will never bill, and they overstate what you owe.
- Goods received at order cost
- SAR 5,000
- GRNI after the receipt
- SAR 5,000
- Vendor bill for part of it
- − SAR 3,000
- Still received, not billed
- SAR 2,000
In Axon Suite
How Axon Suite handles it
In Axon Suite posting a receipt debits inventory and credits goods received not yet billed, and posting the vendor’s bill settles that accrual. It is one of the six control accounts checked before close.
Feature
Bill what arrived, at the agreed price
Draw the bill from the goods receipt and each line is billed at the purchase order’s agreed price and discount, under the vendor’s own invoice number. You can’t bill more than was received, and the same vendor invoice can’t be entered twice.
Open: Bill what arrived, at the agreed price