How to Record Goods Received Not Invoiced
Accrual entry for inventory received at the warehouse for which a vendor invoice has not yet been processed.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Inventory | Asset | 5,000.00 | - |
| Accrued Inventory Receipt (GRNI) | Liability | - | 5,000.00 |
💡 Accountant's Note
This entry ensures that inventory levels and liabilities are correctly stated at month-end when a physical receipt (GRN) occurs without a matching invoice.
Practitioner & Systems Framework
💻 ERP Architecture
Automated via a 3-way match system where the receipt triggers the DR to inventory and CR to a clearing account.
⚠️ Audit Flags
Old balances in the GRNI (Goods Received Not Invoiced) account that never clear, suggesting missing invoices or system errors.
📄 Required Documentation
Goods Receipt Note (GRN) and Packing Slip.
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Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.
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