GRNI treatment in Sage X3

Question

Greetings, I'm currently using Sage X3 and stucked on GRNI. I want to link GRNI with invoices, is there any option to link relevent invoices or PO with GRNI or I shoul dela them with JEs?

AndrewV · Answer

Hi Baqir Hussain 
 I'm not understand your question but this is the principle that Sage X3 uses with GRNI in purchasing 
 1. When you receive stock that you purchase - a journal code STKRE is used. The journal will Debit your Purchase Account & Credit the GRNI Account. These impacted accounts are set in Accounting Codes 
 2. When you process the invoice from the supplier for goods received above, a journal code PIN is used. The journal will Credit the Creditors Control & Debit the GRNI & Tax account. And that closes the GRNI transaction. 
 3. If there is a purchase price variance, a journal will be created at invoice impacting the GRNI account as well. 
 I hope that clarifies & answers your question. 
 If it does please click on Verify answer

Sage X3 Africa and Middle East

GRNI treatment in Sage X3

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