Can you let me know if a general ledger entry is posted when receiving goods?

Yes, a general ledger entry is typically posted when goods are received. The goods receipt process records the physical receipt of inventory and triggers a posting that debits the Inventory account and credits the Accounts Payable (AP) account if a purchase order exists. If the goods are received without a purchase order, the system may post to a ‘Goods Received Not Invoiced’ (GRNI) account, which is later cleared when the invoice arrives. This ensures that the balance sheet reflects the increase in assets (inventory) and the corresponding liability (payable). For instance, receiving 100 units of a product costing $10 each would debit Inventory $1,000 and credit AP $1,000, matching the vendor’s obligation to pay.