What is GRN and how to do it?

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GRN stands for Goods Receipt Note. It is a document used to record the receipt of goods into a warehouse or inventory system.

GRN is an important part of the supply chain management process.
It is used to verify the quantity and quality of goods received.
GRN includes details such as the supplier's name, purchase order number, item description, quantity received, and any discrepancies or damages.
It helps in maintaining accurate inventory records and facilitates the payment process.
GRN is typically prepared by the receiving department or warehouse personnel.
It is important to match the GRN with the purchase order and the supplier's invoice to ensure accuracy.
For example, if a company orders 100 units of a product from a supplier, the GRN will be prepared when those 100 units are physically received and checked for quality.
If there are any discrepancies or damages, they will be noted in the GRN for further action.
GRN plays a crucial role in inventory management, as it helps in tracking the movement of goods and maintaining stock levels.

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