Tuesday 16 December 2014

What is a Goods Receipt?


A Goods Receipt (GR) results in an increase in the quantity/value of the stock in a
plant/warehouse. A GR may be with/without reference to a Purchase Order. A GR leads to:
􀂃 A Material document
􀂃 An Accounting document (not always)
􀂃 GR Slip printing
􀂃 GL Account update
o Consumption Account
o Stock Account
􀂃 Quantity updating
o Stock quantity
o Consumption statistics
o Vendor Evaluation
􀂃 Other updates (if applicable)
o Cost Center
o Project
􀂃 A Stock Transfer Order

􀂃 Purchase Order History updates

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