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What is 2 way , 3 way and 4 way matching?
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Answer Posted / nmkr
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.
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