Accrued Purchases Reconciliation Tool for NetSuite

If you’re a finance professional using Oracle NetSuite ERP to run your business, this post is for you. NetSuite's native flexibility lets you extend, refine, and automate your financial close processes - no third-party licensing, no extra overhead. When properly tailored, it becomes more than an ERP, it becomes the exact tool your team needs to close faster and cleaner every month.

Simplifying GRNI (Accrued Purchases) Reconciliation in NetSuite

Recently, while installing our Month-End Checklist app for one of our clients, their accounting team mentioned that reconciling their Accrued Purchases account was a persistent challenge.

For anyone not knee-deep in the process every month, this account ( often called "Goods Received Not Invoiced" (GRNI) ) is where your system holds the value of items received but not yet billed by your vendors. In theory, the balance should eventually clear to zero as bills catch up with receipts, but in practice, small mismatches or missing transactions often accumulate and become a recurring reconciliation headache.

In this case, the client had been identifying and clearing these differences manually each month with journal entries, a tedious process that left them constantly chasing small variances.

Fortunately, we had already built an internal tool for this exact purpose, our Accrued Purchases Reconciliation Tool (APT), and because all of Left Ledger's custom apps are free of licensing fees for our clients, we were able to install it instantly for them to demo.

Built Right Inside NetSuite

Our tool runs natively within your NetSuite environment. There's no third-party system, connector, or integration, just a clean interface built on your existing data.

1. Set the date range
2. Submit to generate your data file
3. Review variances between your purchase orders, receipts, and vendor bills
4. Select items to clear, then click Process Selected

A single journal entry is automatically created to true up your accrued purchases account.

The result? A cleanly reconciled Accrued Purchases ledger and supporting worksheet for every period.

Why Finance Leaders Love It

Efficiency: Replace hours of manual Excel work with a single process step.

The payoff is not just time savings, it's confidence in your financial close and the assurance that your GRNI balance actually ties out.

The Power of NetSuite Customization

This is a great example of why we love Oracle NetSuite. Its native platform flexibility lets you extend, refine, and automate processes like these without third-party licensing or dependency. When properly tailored, NetSuite becomes more than an ERP, it becomes the exact tool your finance team needs to close faster and cleaner every month.

At Left Ledger, that’s exactly what we help our clients achieve.

Ready to See It?

If your team struggles with reconciling accrued purchases or managing month-end close tasks in NetSuite, we'd be happy to show you how the APT tool works - or how we can tailor something just as lightweight and effective for your environment.

Schedule a quick demo.