Infor LN & Baan Tip: What is the GRNI Reconciliation Process?
What is the GRNI (Goods Received Not Invoiced) Reconciliation Process?
The reconciliation process of the GRNI transactions consists of the following steps:
- Close the financial period so that no new transactions can be entered.
- Print the trial balance.
- Print a report of the invoices to be received.
- Compare the reports.
- Print the reconciliation data.
- Examine the reports.
- Rebuild the History.
- Print the trial balance and the reconciliation report again.
- Print the GRNI reconciliation checklist.
- Check the balances on the GRNI reconciliation checklist.
- Analyze the reconciliation data.
- Make corrections.
- Print the GRNI reconciliation checklist again.
- Post the reconciliation correction transactions.
- Accept the reconciliation data.
Have questions on this process or need some help? Contact us! Our experienced Finance consultants will be glad to assist you.
800.762.2077