GR/IR definition

GR/IR means goods received/invoices received.
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Examples of GR/IR in a sentence

  • GR/IR account (WRX) will debit & Vendor account (KBS) will credit.

  • Stock account (BSX) will debit & GR/IR account (WRX) will credit.

  • Accounts Payable / Accounts Receivable / Assumed Cutoff Timing Accruals / Assumed GRIR • On or prior to the date that is sixty (60) calendar days following the Closing, Seller shall use commercially reasonable efforts consistent with past practice to pay the accounts payable assumed by Buyer pursuant to Section 1.3(a) of the Purchase Agreement (the aggregate amount of such accounts payable, the “Assumed Business Accounts Payable”).

  • Cost of goods sold account (GBB-VAX) will debit & GR/IR account (WRX) will credit.

  • Support GR/IR follow up with Halyard buyers to ensure GR/IR items are managed to not age more than 90 days.