What happens immediately when a Goods Receipt (GR) is processed?

When a Goods Receipt (GR) is processed in the GFEBS Acquisition Process, costs are immediately applied to the appropriate cost centers. This is a pivotal action in the procurement and inventory management cycle within GFEBS, as it signifies the acceptance of goods into the inventory. Once the GR is recorded, it triggers the financial impact on the organization's accounts by linking the receipt of goods to the relevant cost centers, ensuring that expenditures are appropriately tracked and recorded. This allocation of costs is essential for maintaining accurate financial statements and for controlling budgets effectively since it reflects the inventory received and confirms that the funds have been used for the intended purpose in alignment with the organization's financial management policies.

The other options pertain to processes that occur at different stages in the financial transaction lifecycle. For instance, a Post Invoice is related to the matching of goods received against an invoice for payment, which occurs after the GR is recorded. New vendor data is typically generated during the vendor registration or setup process, not immediately upon GR processing. Payments being scheduled is a step that follows the completion of the invoice processing stage, not the GR itself.