The cubic nonlinearity of graphene oxide (GO) monolayer was characterized by open and closed Z-scan using a nano-second laser of 10 Hz repetition rate with a Gaussian spatial beam profile. The reverse saturable absorption or positive nonlinearity from open Z-scan and valley-peak traces or positive nonlinearity from closed Z-scan was displayed. The reverse saturable absorption could be from a two-photon or two-step excitation process due to the larger absorption in the lower visible and upper UV wavelength region compared with the excitation source. The nonlinear absorption and nonlinear refraction coefficient were estimated to be ~ 2.62x10-8 m/W and 3.9x10-15 m2/W, respectively. This study also reveals the effect of nonlinear absorption on nonlinear refraction traces.