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