Process of Goods Received Note (GRN)
As Goods Received Note (GRN) is a document that shows the successful physical delivery by the seller to the buyer, the preparation of GRN involves some steps:
1. Receipt of Goods: When the supplier sends the goods to the buyer, the concerned examine them carefully to make sure the goods align with the purchase order and meet acceptable condition standards.
2. Creating the GRN: Now the filling out of the GRN form as per the delivery details takes place.
3. Verification Protocol: A close look at the GRN takes place to ascertain accuracy and make sure it matches the order and the invoice.
4. Attestation and Authorization: The people who checked the goods and the GRN sign it to say everything is correct.
5. Keeping Records: The finalized GRN is systematically archived for future reference and auditing purposes. It helps with accounting, auditing, and solving any problems with the supplier.