The GRNI account is a liability clearing account that reflects the value of merchandise that has been received but not yet invoiced. Sage 50 provides an automated matching procedure that allows purchase receipts or orders to be automatically linked to the invoice.
To eliminate mistakes and faults in the report, automatic matching for the GRNI account should be done monthly to match receipts and invoices.
Before performing the automated matching function for your GRNI account, run Inventory > Periodic processing > Valuation > Accounting Interface and make sure all purchase invoices are submitted.
The following are some of the fields you’ll need to fill out:
RNI Reconciliation Process for a Company Group or a Company Received Not Invoiced Account in the Account Range
Define the Criteria – Click the Criteria button after checking the Define the Criteria box.
That is all there is to it. By following the procedures above, you’ll be able to set up and administer your Goods Received Not Invoiced (GRNI) account on a regular basis. If you want further assistance, please contact us at sage 50 tech support number at any time.
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