# GR/IR

> GR/IR — Goods received / invoice received — the clearing account credited at receipt and debited when the vendor invoice arrives; its balance is received-not-yet-invoiced.

Source: https://lopifi.com/glossary/gr-ir
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- accrued AP alone

- **Category:** Payables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [uninvoiced-receipts-report](https://lopifi.com/md/components/uninvoiced-receipts-report)
- **Related:** clearing-account, account, invoice, vendor