Importance of Goods Received Note (GRN)

What is GRN?

GRN can be defined as a document prepared for the successful delivery of goods by sellers to buyers. In the world of business, keeping things running smoothly in your supply chain is crucial. GRN (Goods Received Note) is a document that plays a big role in making this happen. GRN is like an official “receipt” for goods that a customer gets from a supplier. Essentially, it serves as a formal acknowledgement of the receipt of goods within a business or organisation, validating the physical arrival of goods from a supplier or vendor. GRN stands for Goods Receipt Note. The full form of GRN is Goods Received Note....

Features of Goods Received Note (GRN)

1. Confirmation of Goods Receipt: A GRN is a written acknowledgement that the seller has successfully delivered the goods to the customer, verifying their condition in accordance with the purchase order....

What is to be Included in Goods Received Note (GRN)?

A GRN is made up of a few key pieces of information:...

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:...

Importance of Goods Received Note (GRN)

GRNs might seem like just paperwork, but they are actually super important for a few reasons:...

Difference between Goods Received Note and Goods Dispatch Note

While both the Goods Received Note (GRN) and the Goods Dispatch Note (GDN) are critical documents within the supply chain, they serve distinct purposes. GDN is kind of like the opposite of a GRN. While a GRN is about what you received, a GDN is about what a supplier is sending out. Essentially, it functions as a shipping document, outlining the contents, quantities, and destination of the goods to be transported. They’re both important but serve different purposes....