What is 2 way , 3 way and 4 way matching?
Answer Posted / venkatboilla
Making payments to the suppliers in 3 ways
what ever you have orderd for the PO we will make the
payment for the suppliers in 2-way(we will compare two
documents PO and Invoice).
eg:Suppose we Had given PO for 100 items,for that we will
receive invoice for 100 items.so that we will make payment
for that 100 items.
2) In 3-Way we will compare 3 documents
PO+reciept+Invoice
Eg:Suppose we have ordered 100 items in PO.But we had
recieved only 80 items,But we had received invoice for 100
items.so,we will make payment for only 80 items
3)IN 4-Way we will compare 4 documents
PO+Receipt+Invoice+Inspection
Eg:Suppose we have 100 items in PO.Suppers send us 80 items
We will do inspection on those items what ever we have
received,IF 10 items got damaged.fially,we are going to
make payment to the 70 items only.
Is This Answer Correct ? | 110 Yes | 8 No |
Post New Answer View All Answers
What is gap analysis, how do you defined?
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
How to support projects life cycles details?
what is VAT claim process?
What is the use of mo: security profile, while configure multiorg?
Difference between header level tax calculation and line level tax calculation
What is the Invoicing System in Oracle R12
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
Invoice Approval Process?
What is the meaning holding tax?
How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
What kind of budgets have you worked on?
payment types and payment methods.
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.