A goods receipt is the recorded confirmation that specified materials were received against an order or delivery reference. It can capture quantity, date, location, condition, accepter, and discrepancies. The receipt supports inventory and invoice controls, but it should reflect actual acceptance evidence. Financial and inventory posting treatment remains governed by the organization’s ERP and policy.
In plain English
It records what physical goods arrived and whether the organization accepted them.
Illustrative example
At Northstar Industrial Systems, the warehouse records 480 accepted units against a 500-unit order and opens a discrepancy for the short shipment.
- Related terms
- Purchase order; Advance shipping notice; Three-way match; Invoice matching
- Lifecycle stages
- Receive; Invoice; Reconcile
- Stakeholders
- Operations; Finance; Procurement; Supplier