PowerPoint Presentation

Purchase to Pay – Goods Receipt

A goods receipt is the transaction that is processed on E1 when we have received the goods/service(s)

Goods Receipted Not Invoiced (GRNI) is reconciled by the GL Team who will chase the business for receipts entered without any invoice after a 3 month period

The goods receipt should be entered only when we have received the goods/services

The GRNI accounts, and the ageing of them, are audited by our external auditors

The receipt also facilitates as “authorisation for payment”

Communication from team as follows:

❖ Accounts Payable will contact the business when the Invoice is Received, but no/insufficient receipt, or the invoice is of a lower value

Payment will not/can not be made before receipt has been actioned

The receipt creates the GL entry within the PO’s Cost centre/account code

❖ General Ledger will contact the business when Goods/Services receipted on E1, however no Invoice (generally after 3 month period)

The receipt has no effect on the payment date