The Procurement Glossary » Goods Received Not Invoiced (GRNI)

Goods Received Not Invoiced (GRNI)

Procure-to-Pay

Also known as: GRNI

Definition

An accounting position where goods have been received but the supplier's invoice has not yet arrived or been processed.

Explanation

GRNI represents a known liability the business owes but has not booked as an invoice. Tracking and clearing it keeps the accounts accurate and flags missing invoices or receipting errors during period-end close.

Example

At month-end, RM120,000 of deliveries sit in GRNI awaiting supplier invoices.

Related terms

• Goods Receipt (GRN) — The record confirming that ordered goods have arrived, capturing quantity and condition against the purchase order.
• Accrual — An accounting entry recognising a cost that has been incurred but not yet invoiced or paid.
• Invoice — A supplier's bill requesting payment for goods or services delivered, itemising what was supplied and the amount due.
• Period-End Close — The accounting process of finalising the books at the end of a period, including reconciling procurement liabilities.

Frequently Asked Questions

What is Goods Received Not Invoiced (GRNI)?

An accounting position where goods have been received but the supplier's invoice has not yet arrived or been processed. GRNI represents a known liability the business owes but has not booked as an invoice. Tracking and clearing it keeps the accounts accurate and flags missing invoices or receipting errors during period-end close.

Can you give an example of Goods Received Not Invoiced (GRNI)?

At month-end, RM120,000 of deliveries sit in GRNI awaiting supplier invoices.

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