GR/IR
In accounting, GR/IR means goods received / invoice received — the clearing account credited at receipt and debited when the vendor invoice arrives; its balance is received-not-yet-invoiced.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 1
Authority
This definition follows ASC 330.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
GR/IR, in use
Quoted from the document that use the word — what it does to an interface, in the spec's own sentence.
The GL moves at goods receipt (if GR/IR is used) or at the bill.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- accrued AP alone
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
Components that render the terms it depends on
Little in the catalog names this concept outright, but its definition is built out of others that are named. These render account, invoice, vendor.
3Payments
Family spec6Statements
Family spec- AccountPickerShows the normal balance. Blocks non-postable accounts.
- AccountTieOutEvery BS account, proven against its evidence.
- ChartOfAccountsHierarchy, statement mapping, unsupported-account flags.
- AccountRegisterGL detail with a running balance.
- DimensionPickerEntity always required; renders what the account demands.
11Payables (AP)
Family specTerms this one depends on
- Clearing accountAn account that should net to zero once both sides of a flow have posted — payroll clearing, GR/IR, a payment processor clearing account; a residual balance is the exception
- AccountA GL account in the chart of accounts. Always qualify when a bank account is meant.
- InvoiceA claim on a customer
- VendorA party we buy from
Also in Payables
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.