What is 2 way, 3 way and 4 way matching?

Answer Posted / mahi

2-Way Matching:

The process of verifying that purchase order and invoice
information matches within accepted tolerance levels.
Receivables uses the following criteria to verify two-way
matching:

Invoice price <= Order price
Quantity billed <= Quantity ordered

3-Way Matching:

The process of verifying that purchase order, invoice, and
receiving information matches within accepted tolerance
levels. Receivables uses the following criteria to verify
three-way matching:

Invoice price <= Purchase Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received

4-Way Matching:

The process of verifying that purchase order, invoice, and
receiving information matches within accepted tolerance
levels. Receivables uses the following criteria to verify
four-way matching:

Invoice price <= Order price
Quantity billed <= Quantity ordered
Quantity billed <= Quantity received
Quantity billed <= Quantity accepted

Is This Answer Correct ?    117 Yes 27 No



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