1. When is GRN raised?
2. what is the purpose of matching open PO listing against
GRIR account?
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Answer Posted / zeeshan arif
GRN means Good Received Note. It is raised when the goods are received by the entity/ store/ warehouse personnel as and when the goods are actually received. It may or may not be with the invoice but not necessarily raised at the time the invoice is received by the entity.
Its main purpose is to match the goods with the ones as ordered in the Purchase Order (PO), with the same quantity and specification, so that when the invoice is received, the payable function of the entity can make the payment to the vendor, knowing that the goods have been received.
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