Short for Goods-Receipt/Invoice-Receipt — the ERP account and matching process (also called three-way match or GRNI matching) that reconciles a purchase order's goods receipt against the vendor's invoice.
GR/IR stands for Goods-Receipt/Invoice-Receipt. It's both an ERP clearing account and the matching process built around it: when goods arrive, the system posts a goods-receipt entry; when the vendor's invoice arrives, it's matched against that receipt (and the original purchase order) before the GR/IR account clears.
GR/IR is essentially another name for three-way match — some ERPs (notably SAP) use "GR/IR" as the specific account name, while "three-way match" and "GRNI" (goods-receipt/invoice-receipt, spelled out) describe the same underlying control in other systems.
GR/IR reconciliation is a different process from vendor statement reconciliation: GR/IR operates transaction-by-transaction at invoice entry against a purchase order, while vendor statement reconciliation operates period-by-period against the vendor's own statement, independent of whether a PO exists at all.
StatementZen Academy Team — Built from StatementZen's own vendor statement reconciliation engineering and casework — pending Michael's named byline commitment (spec.md section 7). · Last updated