The Goods Received Not Invoiced (GRNI) account is a liability clearing account that represents the value of the inventory that has been received but not yet invoiced. Sage 50 offers an automatic matching process that allows automatic linking of purchase receipts or orders to the associated invoice.
Automatic matching should be run for the GRNI account monthly to match up receipts and invoices to avoid errors and flaws in the report. It can also be executed on daily or weekly basis, or as needed during the month.
How to perform automatic matching for your Goods Received Not Invoiced report
To perform automatic matching for your GRNI account, run Inventory > Periodic processing > Valuation > Accounting Interface before running the automatic matching function and have all purchase invoices posted.
Some of the fields that you need to enter include:
- Company Group or company
- Received Not Invoiced Account in the Account Range RNI Reconciliation Process.
- Define the Criteria – Check the Define the Criteria box and click on the Criteria button.
That’s it. By following the aforementioned steps, you’ll be able to setup and periodically run your Goods Received Not Invoiced (GRNI) account. Should you need more help, call us at sage 50 tech support number anytime .