GR/IR
Short for Goods-Receipt/Invoice-Receipt: the ERP account and process used to match a goods receipt with the vendor invoice.
GR/IR stands for Goods-Receipt/Invoice-Receipt. It is an ERP clearing account and a matching process. The system posts a goods-receipt entry when goods arrive, then matches the vendor invoice with that receipt and the purchase order before the account clears.
Some ERPs, including SAP, use "GR/IR" for the account. Other systems may refer to the related control as three-way match or GRNI matching.
GR/IR reconciliation is different from vendor statement reconciliation. GR/IR works transaction by transaction against a purchase order. Vendor statement reconciliation works period by period against the vendor's statement, whether or not a purchase order exists.
Related terms
Statement Zen Academy Team — Practical guidance based on Statement Zen's vendor statement reconciliation work. · Last updated