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Goods Received Not Invoicednoun · abbr.

Stock received into the books before the supplier invoice has arrived.

GRNI is the accrual that bridges receiving and invoicing. When goods are received, inventory increases and a GRNI liability is raised; when the invoice arrives, the liability clears into accounts payable.

The GRNI balance should be small and short-lived. A large, aged GRNI balance means receipts are not being matched — typically part deliveries, price mismatches or invoices sitting unprocessed.

Also called

  • GRNI accrual
  • uninvoiced receipts

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Landed Costs & Finance

Related terms

Goods Received Note

GRN

A record confirming what was actually received against a purchase order.

Accrued Expense

A cost incurred but not yet invoiced or paid.

Three-Way Match

Verifying a supplier invoice against the PO and the goods received before paying.

Open Purchase Order

A PO that has been issued but not yet fully received and invoiced.

More in Accounting

Accounts Payable (AP) Accounts Receivable (AR) Accrual Accounting Aging Report Bad Debt Provision Balance Sheet Bank Reconciliation Break-Even Point

Goods Received Not Invoiced is not just a definition here

Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.

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