What is meant by matching and what are the types of
matchings available?
Answers were Sorted based on User's Feedback
Answer / shantanu
There are three types of Matching
a. 2–way matching: The process of verifying that purchase
order and invoice information matches within accepted
tolerance levels. Payables uses the following criteria to
verify two–way matching:
i. Invoice price <= Order price
ii. Quantity billed <= Quantity ordered
b. 3–way matching The process of verifying that purchase
order, invoice, and receiving information matches within
accepted tolerance levels. Payables uses the following
criteria to verify three–way matching:
i. Invoice price <= Purchase Order price
ii. Quantity billed <= Quantity ordered
iii. Quantity billed <= Quantity received
c. 4–way matching The process of verifying that purchase
order, invoice, and receiving information matches within
accepted tolerance levels. Payables uses the following
criteria to verify four–way matching:
i. Invoice price <= Order price
ii. Quantity billed <= Quantity ordered
iii. Quantity billed <= Quantity received
iv. Quantity billed <= Quantity accepted
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kranthioracle
2 way matching
when u match purchase order or reciept, during invoice
validation, it will check the 2 conditions
1. Quantity billed <= Quantity ordered
2. Invoice price <= Purchase order price
while raising po (we mention the quantity & po price)
(5) (5) =25
the system will check the invoice quantity & invoice price)
(5) (5) =25
3 way matching
--------------
1.Quantity billed <= Quantity ordered (5) =(5) quantity
2.invoice price <= Purchase order price (5)=(5) price
3.Quantity billed <= Quantity received (5)= (4) quantity
4 way matching
--------------
1.Quantity billed <= Quantity ordered
2.invoice price <= Purchase order price
3.Quantity billed <= Quantity received (5)= (4)
4.Quantity billed <= Quantity accepted (5)= (3)
it checks all the condition , system will accept all these
conditions if it is with in tolerance, or else it will hold
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / mallikharjunareddy
there are 3 types of matching. such as..
1.2-way(po+invoice).
2.3-way(po+invoice+receipt)
3.4-way(po+invoice+receipt+inspection).
Is This Answer Correct ? | 0 Yes | 0 No |
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