What is GRN
This query is : Resolved
12 August 2025
What is GRN?
GRN stands for Goods Receipt Note.
It is an internal document created by the purchasing or receiving department of a company.
It records the receipt of goods from a supplier.
The GRN includes details like:
Quantity of goods received
Condition of goods
Date of receipt
Purchase order number or contract reference
Why is GRN matched with Purchase Invoice?
The matching process ensures:
Accuracy of received goods:
The GRN confirms that the goods physically received match the order placed.
Verification before payment:
The purchase invoice from the supplier is matched against the GRN to ensure the supplier is billing only for goods actually received.
Prevent discrepancies:
Avoid paying for goods not delivered or damaged goods.
Inventory and Accounting accuracy:
Proper matching helps update inventory and accounts payable correctly.
GRN stands for Goods Receipt Note.
It is an internal document created by the purchasing or receiving department of a company.
It records the receipt of goods from a supplier.
The GRN includes details like:
Quantity of goods received
Condition of goods
Date of receipt
Purchase order number or contract reference
Why is GRN matched with Purchase Invoice?
The matching process ensures:
Accuracy of received goods:
The GRN confirms that the goods physically received match the order placed.
Verification before payment:
The purchase invoice from the supplier is matched against the GRN to ensure the supplier is billing only for goods actually received.
Prevent discrepancies:
Avoid paying for goods not delivered or damaged goods.
Inventory and Accounting accuracy:
Proper matching helps update inventory and accounts payable correctly.
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